Overstock.com price target lowered to $25 from $43 at Wedbush

Wedbush lowered the firm’s price target on Overstock.com to $25 from $43 and keeps an Outperform rating on the shares. The firm said the company is well-positioned among home goods retailers with an assortment of unbranded products in its “inventory light” business, as home goods ecommerce retailers continue to take market share from brick-and-mortar stores. That said, the company continues to be impacted by lower discretionary spending on home categories as macroeconomic pressures persist, the analyst tells investors in a research note.