Overstock.com price target raised to $20 from $19 at Piper Sandler

Piper Sandler analyst Peter Keith raised the firm’s price target on Overstock.com to $20 from $19 and keeps a Neutral rating on the shares. The company’s Q1 sales and EBITDA came in above expectations, the analyst tells investors in a research note. While Overstock.com’s sales trend improved in March to down in the low-20% range, the improvement happened despite the industry backdrop getting worse, says Piper.