Deutsche Bank Starts Big Lots (BIG) at Buy; Easy Comps + Closeouts + Assortment Editing = SSS Tailwind

Deutsche Bank initiates coverage on Big Lots (NYSE: BIG) with a Buy. PT $40.00.

Deutsche analyst says, "Within the context of our Double Barbell Investment Strategy, BIG sits on the Buy Side of our High Beta portfolio. Importantly, the time to own BIG is when SSS are turning favorable and we like the set-up into the 2H as compares ease and closeout deals provide upside. Also, trends in consumables and furniture have turned the corner, which is key for traffic. While its acquisition of Liquidation World is risky, the company has a good turnaround track record under CEO Steve Fishman."

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 $31.58 yesterday.

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