Janney Reiterates Buy Rating On OfficeMax (OMX)

Janney Capital Markets' analysts reiterated their Buy rating on shares of OfficeMax (NYSE: OMX). The research firm said that they are confident that the turnaround at the company is progressing on plan. The analyst also wrote that OfficeMax's (OMX) growth plan will result in earnings per share above $2.00.

Currently, the stock is trading at $16.60. Janney believes that the fair value price is $18.00. OMX's plan is targeting growth at mid single digits. Officemax Incorporated (OMX) provides office supplies and paper, print and document services, technology products and solutions, and office furniture to large, medium and small businesses, government offices and consumers.