NEW YORK (TheStreet) -- Overstock.com (OSTK) stock is up 1.11% to $16.37 in pre-market trading as the company was upgraded to "buy" from "neutral" at B. Riley with an increased price target of $22 from $19, following a positive second quarter earnings report.
The firm said it sees multiple sales leverage opportunities and cited the online retailer's solid second quarter results of $332.5 million in revenue, an increase from $293.2 million in the same quarter a year ago, and easily beating estimates of $315.25 by $17.25 million, for its change in rating.
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