B of A Securities has decided to maintain its Underperform rating of Big Lots (NYSE:BIG) and lower its price target from $31.00 to $25.00.
Shares of Big Lots are trading down 7.49% over the last 24 hours, at $25.06 per share.
A move to $25.00 would account for a 0.24% decrease from the current share price.
About Big Lots
Big Lots Inc is principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one-third of its stores in California, Texas, Ohio, and Florida.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
