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UPDATE: BofA/Merrill Lynch Downgrades (OSTK) from Buy to Underperform

July 3, 2013 7:18 AM EDT Send to a Friend
Get Alerts OSTK Hot Sheet
Price: $16.86 --0%

Rating Summary:
    1 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 1 | New: 12
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(Updated - July 3, 2013 9:30 AM EDT)

BofA/Merrill Lynch downgraded (NASDAQ: OSTK) from Buy to Underperform with a price target of $23 (from $20). Analysts warned about a lack of customer growth and think the stock is overvalued. Growth is seen as inconsistent and Q4 and Q1 may not represent a long term growth trend, thinks BofA ML.

For an analyst ratings summary and ratings history on click here. For more ratings news on click here.

Shares of closed at $29.85 yesterday.

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Analyst Comments, Analyst EPS View, Analyst PT Change, Downgrades, Hot Downgrades

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Merrill Lynch, Bank of America

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