Piper Sandler raised the firm’s price target on Overstock.com to $35 from $20 and keeps a Neutral rating on the shares after its Q2 earnings beat. With the acquisition of the Bed Bath & Beyond brand, the company is potentially on the cusp of a meaningful transformation allowing for a stronger long-term growth opportunity, the analyst tells investors in a research note. Relaunch of BBBY.com in the U.S. will happen in the coming weeks, the firm plans to look for signs of success and customer recapture, Piper Sandler added.
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