Overstock.com (OSTK) PT Raised to $24.50 at BofA Securities
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Price: $16.78 --0%
Rating Summary:
5 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Rating Summary:
5 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
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BofA Securities analyst Curtis Nagle raised the price target on Overstock.com (NASDAQ: OSTK) to $24.50 (from $21.50) while maintaining a Neutral rating after its bid for Bed, Bath, & Beyond (BB&B) assets and liabilities was selected.
"... we think the deal could represent a low-risk opportunity (at approx. 6% of cash) for OSTK to improve customer targeting and further help reverse negative revenue trends."
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