- 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)