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BAML stays bullish on Big Lots

Dec. 10, 2018 2:52 PM ETBig Lots, Inc. (BIG) StockBIGBy: Clark Schultz, SA News Editor
  • Bank of America Merrill Lynch checks in on Big Lots (BIG -4.6%) following the "disappointing" Q3 results and Q4 guidance.
  • The analyst team thinks the set up for 2019 and beyond looks encouraging with the retailer's remodeled "Store of the Futures" and its home furnishings categories performing well.
  • The firm reiterates its Buy rating on BIG, but lowers its price objective to $40.
  • Previously: BIG Lots -7.6% on earnings miss (Dec. 7)

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