Overstock.com price target lowered to $16 from $19 at Barclays

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.