Shares of Big Lots (BIG) - Get Big Lots, Inc. Report were rising by 3.25% to $51.18 on Wednesday afternoon, after Raymond James raised its rating on the stock to "strong buy" from "market perform." The firm established a price target of $60 on the discount retailer.

The firm upped its rating as productivity metrics continue to improve as the company cut back on underperforming stores and refocused on sales and productivity.

Big Lots is a Columbus, Ohio-based retailer selling a variety of goods including furniture, toys, food, charges, phones, tablets and more.

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