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A number of stock research firms have changed their ratings and price targets for Big Lots (NYSE: BIG) during the last seven days:

  • Big Lots was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating. They now have a $45.00 price target on the stock, up previously from $37.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • Big Lots had its price target raised by analysts at Wedbush from $42.00 to $49.00. They now have an “outperform” rating on the stock.
  • Big Lots had its price target raised by analysts at MKM Partners from $47.00 to $51.00. They now have a “buy” rating on the stock.
  • Big Lots was upgraded by analysts at Benchmark Co. from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock, up previously from $36.00.
  • Big Lots had its price target raised by analysts at Telsey Advisory Group from $38.00 to $45.00. They now have a “not rated” rating on the stock.
  • Big Lots had its price target raised by analysts at FBR Capital Markets from $45.00 to $49.00. They now have an “outperform” rating on the stock.
  • Big Lots was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating. They wrote, “Big Lots (BIG) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company’s earnings per share.”
  • Big Lots had its price target raised by analysts at BB&T Corp. from $47.00 to $49.00. They now have a “buy” rating on the stock.

Shares of Big Lots, Inc. (NYSE:BIG) traded up 2.77% during mid-day trading on Monday, hitting $44.88. The stock had a trading volume of 1,171,177 shares. Big Lots, Inc. has a 52-week low of $25.50 and a 52-week high of $44.48. The stock’s 50-day moving average is $39.59 and its 200-day moving average is $34.43. The company has a market cap of $2.559 billion and a price-to-earnings ratio of 26.23.

Big Lots, Inc, through its wholly owned subsidiaries, is a North America’s closeout retailer. At January 28, 2012, the Company operated a total of 1,533 stores in two countries: the United States and Canada.

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