UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Staples on Strong Secular Trends
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
|Jul 2015||Evercore Partners||Upgrades||Sell||Hold|
|Apr 2015||BB&T Capital||Upgrades||Hold||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.