Morgan Stanley Upgrades Staples To Equal-weight

Analysts at Morgan Stanley upgraded Staples

from Underweight to Equal-weight. The price target for Staples has been raised from $13 to $14.50. Staples shares have dropped 4.45% over the past 52 weeks, while the S&P 500 index has gained 14.12% in the same period. Staples' shares jumped 10.70% to $16.40 in pre-market trading.