Big Lots - Upgrades & Downgrades
NEW YORK (
) -TheStreet Ratings' stock model downgraded
Big Lots Inc
(BIG) - Get Report
to 'Hold' from 'Buy'. Net Income at this $2.2 billion market cap, close-out retailer fell 42% to $17.7 million in the fiscal third quarter as compared to the same quarter last year.
TheStreet Ratings released rating changes on 14 U.S. common stocks for December 3, 2010. In total, 7 stocks were upgraded and 7 stocks were downgraded by our stock model.
Despite the significant drop in profits, Big Lots reported a 2% gain in quarterly revenues to $1.06 billion from $1.04 billion a year earlier. Learn more about Big Lots:
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$8.6 billion market cap, beverage manufacturer,
Dr Pepper Snapple Group
(DPS)
was downgraded to 'Hold' from 'Buy'. In third quarter results, Dr Pepper Snapple's gross revenue increased by 2% to $1.46 billion. Despite the gain in revenues, Dr Pepper Snapple's quarterly net income fell 5% to $144 million from the $151 million profit a year earlier. Learn more about Dr Pepper Snapple Group
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Income Statement
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-- Reported by Chris Stuart in Boston, MA.
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Chris Stuart, CFA, equity research manager, joined TheStreet.com Ratings after working as a senior investment analyst with Merrill Lynch, covering Small Cap Equity and Alternative investment strategies. Prior to that, Chris gained analytical and investment experience, working for One Beacon Insurance as an Actuarial Analyst, and H&R Block as a Financial Advisor. He earned his Bachelor's degree in Finance from the University of Massachusetts Amherst. He holds a Chartered Financial Analyst (CFA) designation, and is a member of the Boston Security Analysts Society (BSAS) and the CFA Institute.