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

Piper Sandler analyst Peter Keith lowered the firm’s price target on Overstock.com to $19 from $20 and keeps a Neutral rating on the shares. While the brand name conversion certainly appears to be an attractive opportunity long-term, the early days of the rebrand are seeing notable deterioration in EBITDA, with only modest improvement in revenue, the analyst tells investors in a research note.