Online auctioneer Liquidity Services (LQDT -9.9%) is cut to Neutral with a $46 price target...

|About: Liquidity Services, Inc. (LQDT)|By:, SA News Editor

Online auctioneer Liquidity Services (LQDT -9.9%) is cut to Neutral with a $46 price target (from $62) by BAML, which sees Street sentiment deteriorating given LQDT's recent strong quarterly beats. Weaker-than-expected Sept. GMV results suggest LQDT will report slower volume growth, the firm says, likely coming in near the bottom of its $230M-$240M Q3 guidance.