UPDATE: Benchmark Company Maintains Buy Rating, Raises PT for Liquidity Services

In a report published earlier today, The Benchmark Company, LLC maintained its Buy rating for Liquidity Services, Ltd. LQDT and raised its price target from $62.00 to $73.00. Benchmark went on to say “Liquidity Services, Inc. is the leading online retailer of surplus and salvage assets, enabling transactions primarily through auction format. With limited direct competition, a firmly established buyer/seller base and scalable business model, we believe LSI could show sustainable cash flow growth of over 20% on an annual basis. A significant portion of revenue is relatively stable and recurring as LSI Services acts as the exclusive contractor for the sale of surplus and scrap assets for the US Department of Defense.” Liquidity Services, Ltd. closed yesterday at $62.24.