Barclays Maintains an 'Equalweight' on Big Lots (BIG); Raises PT & Estimates After Solid Q4

Barclays maintains an 'Equalweight' on Big Lots (NYSE: BIG) price target raised from $38 to $45.

Highlighted points from analyst, M. Adler, include: Solid results on changes to mix and new items; consistent performance could help narrow valuation gap between BIG & peers; potential for upside but cautious on Canadian business uncertainty.

Adler raises FY12 EPS estimate from $3.37 to $3.54 and maintains FY13 at $4.01.

For an analyst ratings summary and ratings history on Big Lots click here. For more ratings news on Big Lots click here.

Shares of Big Lots closed at $42.71 yesterday.

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