Big Lots price target lowered to $10 from $13 at Deutsche Bank

Deutsche Bank analyst Krisztina Katai lowered the firm’s price target on Big Lots to $10 from $13 and keeps a Hold rating on the shares. The company delivered a Q3 miss on key metrics including comps and margins, and management provided a weaker than expected outlook for Q4, Katai tells investors in a research note. The analyst says Big Lots is seeing ongoing softness in bigger ticket categories including furniture and home.