Big Lots (BIG) Shares Rise Modestly as Buckingham Upgrades to Buy Midday

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May 19, 2011 2:34 PM EDT
Get Alerts BIG Hot Sheet
Price: $0.50 --0%

Rating Summary:
    9 Buy, 15 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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An analyst at Buckingham Research upgraded shares of Big Lots (NYSE: BIG) from Neutral to Buy in a mid-day research note. The firm set a new $40 price target.

Investors in Big Lots are responding to news the company has decided against a sale. The stock has fallen more than 9 percent Thursday.

With Big Lots shares last trading around $34 even, Buckingham's new price target suggests potential upside of about 18 percent.

For more ratings news on Big Lots click here and for the rating history of Big Lots click here.

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