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MKM Downgraded Big Lots (BIG) to Neutral, Price Target Cut to $43

April 24, 2012 12:27 PM EDT
Get Alerts BIG Hot Sheet
Price: $3.43 --0%

Rating Summary:
    9 Buy, 14 Hold, 7 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 10
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MKM Partners downgraded shares of Big Lots (NYSE: BIG) from Buy to Neutral Tuesday morning following the retailer's Q1 update Monday afternoon. The MKM analyst reduced his price target from $54 to $43.

Shares of Big Lots are getting clobbered this afternoon amid the preliminary results. The stock last traded at $36.06, down more than 21 percent from Monday's close.

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


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