UPDATE: Stifel Nicolaus Raises PT to $59 on Liquidity Services

Stifel Nicolaus increases its price target from $47 to $59 on Buy-rated Liquidity Services LQDT as it revises estimates on strengthening GSS data. Stifel Nicolaus notes, "Liquidity Services March quarter GSS results are extremely impressive, with upside from the higher multiple Commercial and GovDeals segments. These results should give investors increasing confidence in Liquidity Services' business operations. The company appears to be hitting its stride in the reverse supply chain and logistics market." LQDT closed at $50.48 yesterday.