Beyond price target lowered to $37 from $43 at Wedbush

Wedbush lowered the firm’s price target on Beyond to $37 from $43 and keeps an Outperform rating on the shares following quarterly results. Despite the pullback in shares on Tuesday, Beyond, formerly Overstock, remains on Wedbush’s Best Ideas List, as the firm believes that the deliberate steps it is taking to grow its business will drive significant shareholder value creation in the next several months.