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Jefferies Maintains Buy on United Stationers (USTR)

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Jefferies is out with its report today on United Stationers (NASDAQ: USTR), maintaining Buy.

In a note to clients, Jefferies writes, "USTR 1Q11 EPS came in at $0.95 after adjusting for a 1x asset impairment charge, in line with consensus. A strong 2Q quarter-to-date sales trend of 6% should be enough to allow shares to move higher."

Jefferies maintains an $83 PT on USTR.

Shares of USTR closed Monday at $71.68, down 1.69% from Thursday's close.

 

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