By: Benzinga
UPDATE: Bank of America Upgrades Overstock.com to Buy on Strong Q1 Results
In a report published Friday, Bank of America analyst Nat Schindler upgraded the rating on Overstock.com (NASDAQ: OSTK ) from Underperform to Buy, and raised the price target from $12.00 to $20.00. In the report, Schindler noted, “Overstock (OSTK) reported Q1 rev/adj. EBITDA of $312mn/$12mn, above our $282mn/$8mn ests. The
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