Goldman Sachs sees demand headwinds persist for Big Lots in near term

Goldman Sachs analyst Kate McShane keeps a Sell rating and $4.00 price target on Big Lots after its Q3 results. Among the key takeaways from the quarter was that comps improved sequentially throughout the quarter, and trends have continued to improved in November, but the firm continues to expect demand headwinds to remain in the near term, pressuring both sales and margins, the analyst tells investors in a research note.