Analysis: Canada exit and freezers set up Big Lots for gains

|About: Big Lots, Inc. (BIG)|By:, SA News Editor

Piper Jaffray upgrades Big Lots (BIG) to an Overweight rating from Neutral.

The investment firm has a price target of $45 on the closeout retailer.

What to like about Big Lots: An exit from Canada by the company sets it up for more buybacks, while the addition of freezers and coolers could drive sales.