Market Overview

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

Share:
Related ODP
Office Depot Posts In-Line Q2 Earnings
Earnings Scheduled For August 4, 2015
Staples & Office Depot Abide by FTC's Second Request (Zacks)

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
Jun 2015Telsey Advisory GroupUpgradesMarket PerformOutperform
Apr 2015JefferiesUpgradesHoldBuy
Feb 2015JefferiesMaintainsHold

View More Analyst Ratings for ODP
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (ODP)

Get Benzinga's Newsletters