Barclays analyst Seth Sigman lowered the firm’s price target on Overstock.com to $16 from $19 and keeps an Equal Weight rating on the shares. The company’s Q3 was mixed with some early signs of gains on the back of the Bed Bath & Beyond transition, including customer and order growth, but also impacted by mix to lower ticket items and price compression weighing on revenue, the analyst tells investors in a research note.
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Read More on OSTK:
- Overstock.com reports Q3 EPS (61c), consensus (72)
- Overstock.com reports Q3 adjusted EPS 61c, consensus (72c)
- Overstock Announces Third Quarter 2023 Financial Results
- Overstock.com to change corporate name to Beyond, change ticker symbol
- Overstock Heads into the Future as Beyond
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