Piper Sandler Maintains Underweight on Big Lots, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Peter Keith has maintained an Underweight rating on Big Lots (NYSE:BIG) and reduced the price target from $6 to $3.5.
December 01, 2023 | 5:59 pm
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NEGATIVE IMPACT
Piper Sandler has maintained an Underweight rating on Big Lots and cut the price target from $6 to $3.5, indicating a bearish outlook.
The reduction in price target by Piper Sandler suggests a negative outlook on Big Lots' stock, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100