Barclays Maintains an 'Equalweight' on Big Lots (BIG); Q4 Earnings Review
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Price: $38.49 -0.75%
Rating Summary:
6 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
6 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade BIG Now!
Barclays maintains an 'Equalweight' on Big Lots (NYSE: BIG), PT $42.
Barclays analyst says, "We are increasing our 4Q10 EPS estimate to $1.40 from $1.38 based on 4Q sales coming in slightly higher than we had forecast. Our new estimate is within the range of guidance of $1.36-$1.42 and is $0.02 above consensus."
"We believe the longer term outlook for BIG remains healthy but we see limited upside potential for the stock at current levels, even in an acquisition scenario. And absent a transaction, we see significant potential downside."
For more ratings news on Big Lots click here and for the rating history of Big Lots click here.
Shares of Big Lots closed at $41.03 yesterday, with a 52 week range of $27.82-$42.27.
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Barclays analyst says, "We are increasing our 4Q10 EPS estimate to $1.40 from $1.38 based on 4Q sales coming in slightly higher than we had forecast. Our new estimate is within the range of guidance of $1.36-$1.42 and is $0.02 above consensus."
"We believe the longer term outlook for BIG remains healthy but we see limited upside potential for the stock at current levels, even in an acquisition scenario. And absent a transaction, we see significant potential downside."
For more ratings news on Big Lots click here and for the rating history of Big Lots click here.
Shares of Big Lots closed at $41.03 yesterday, with a 52 week range of $27.82-$42.27.
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