UPDATE: Deutsche Bank Upgrades Big Lots on Good Entry Point for Turnaround Story
February 18, 2014 at 09:31 AM EST
In a report published Tuesday, Deutsche Bank analyst Paul Trussell upgraded the rating on Big Lots (NYSE: BIG ) from Hold to Buy, and raised the price target from $32.00 to $33.00. In the report, Deutsche Bank noted, “Down 32% over the past 3 months (to just 5.0x fwd EV/EBITDA),