Oppenheimer Maintain Outperform Rating and $38 PT on Liquidity Services Inc.

A report from Oppenheimer reiterates its Outperform rating and $38 price target on Liquidity Services Inc. LQDT. In the report, Oppenheimer writes, “Liquidity Services is the only company in our sector with a solid earnings momentum story, in our view. This is driven by the company's position as the dominant online liquidator, providing services to retail & commercial entities, municipal governments and the Department of Defense. Therefore, the current economic environment of lackluster growth creates the perfect opportunity for LQDT.” LQDT closed yesterday at $32.28.