On Thursday, analysts at Morgan Stanley upgraded Staples, Inc. (NASDAQ: SPLS) from Underweight to Equal-weight and raised the price target from $13 to $14.50.
Simeon Gutman finds the activist interest increases the chances of a merger.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
"Given these developments and that they stem from an activist investor with a successful track record in this very segment, we view SPLS as now in play; hence, our upgrade to E/W and a new price target of $14.50 (up from $13). The bottom line is that downside seems protected as fundamentals now take a back seat to activist involvement and possible value creation."
Shares of Staples closed Thursday at $16.10, up 8.6 percent.