Market Overview

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

Related SPLS
Early Global News: Starboard Asks Yahoo Not To Spin Off Alibaba, China's Tinder & KaloBios
Morning Market Losers
Confidence and Concentration Risk (GuruFocus)

In a report published Wednesday, Jefferies reiterated its Hold rating on Staples (NASDAQ: SPLS), and raised its price target from $12.00 to $15.00.

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.”

Staples closed on Tuesday at $14.65.

Latest Ratings for SPLS

Nov 2015Deutsche BankMaintainsHold
Aug 2015CitigroupMaintainsNeutral
Jul 2015Evercore PartnersUpgradesSellHold

View More Analyst Ratings for SPLS
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings


Related Articles (SPLS)

View Comments and Join the Discussion!

Get Benzinga's Newsletters