Market Overview

UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Office Depot on Strong Secular Trends

Share:
Related ODP
13F Watch: Krevlin's Glenhill Advisors Buys Pier 1, Nexstar; Slashes American Airlines, Jamba
The Latest Stock Picks From Cliff Asness, AQR Capital's 13F
How My Favorite Hedge Fund Managers Are Investing In 2015 (Seeking Alpha)

In a report published Wednesday, Jefferies reiterated its Hold rating on Office Depot (NYSE: ODP), and raised its price target from $3.00 to $5.00.

Jefferies noted, “Strong secular trends in the office products industry and increased competition facing the office superstore (“OSS”) channel from the club, mass, and online channels presents a compelling case for consolidation in the office products industry.”

Office Depot closed on Tuesday at $5.02.

Latest Ratings for ODP

DateFirmActionFromTo
Apr 2015JefferiesUpgradesHoldBuy
Feb 2015JefferiesMaintainsHold
Feb 2015BB&T CapitalDowngradesBuyHold

View More Analyst Ratings for ODP
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (ODP)

Around the Web, We're Loving...