Market Overview

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

Related ODP
Benzinga's Weekend M&A Chatter
Back-To-School Bigger Than Holiday Season For Some Retailers
Good Luck, AT&T! Here Are Recent Megamergers That Went Or Could Go Bust (Investor's Business Daily)

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

Aug 2016UBSMaintainsSell
May 2016Telsey Advisory GroupDowngradesOutperformMarket Perform
May 2016UBSDowngradesNeutralSell

View More Analyst Ratings for ODP
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings


Related Articles (ODP)

View Comments and Join the Discussion!