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Fly News Breaks for August 10, 2018
OSTK
Aug 10, 2018 | 07:56 EDT
DA Davidson analyst Tom Forte raised his price target on Overstock.com to $112 and kept his Buy rating, saying the company's latest quarter showed improving retail segment trends, completion of tZERO STO, and the sale of tZERO minority interest. Forte notes that he is "pounding the table" for investors, noting that Overstock shares are positioned for a significant run. The analyst contends that the company's latest achievements place it on much firmer footing than when its stock hit a 52-week high near $90 in January.
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