Loop Capital Downgrades Big Lots (BIG) to Sell, PT to Street Low $1

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Go back to Loop Capital Downgrades Big Lots (BIG) to Sell, PT to Street Low $1

KeyBanc on Big Lots (BIG): 'we believe the consumer backdrop remains a risk in the NT'

February 12, 2024 1:50 PM EST

KeyBanc analyst Bradley Thomas reiterated a Sector Weight rating on Big Lots (NYSE: BIG).

The analyst comments "This morning, BIG provided preliminary commentary on 4Q results, noting that comps, gross margin, operating expenses, and inventory were expected to be in line with guidance.... More

Big Lots (BIG) Seeks Cash Amid Ongoing Losses - Bloomberg

February 9, 2024 3:55 PM EST

(Updated - February 9, 2024 3:57 PM EST)

Big Lots (NYSE: BIG) has been seeking new financing amid dwindling liquidity, according to a report from Bloomberg, citing people with knowledge of the matter.

It has been reaching out to bankers and investors to assess market willingness to provide a new loan.

... More