Goldman Sachs Maintains Sell Rating for Big Lots: Here's What You Need To Know

Goldman Sachs has decided to maintain its Sell rating of Big Lots BIG and lower its price target from $20.00 to $16.00.

Shares of Big Lots are trading up 0.12% over the last 24 hours, at $17.85 per share.

A move to $16.00 would account for a 10.37% decline from the current share price.

About Big Lots

Big Lots Inc is principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one-third of its stores in California, Texas, Ohio, and Florida.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.