Goldman Sachs Maintains Neutral on Staples

Goldman Sachs is out with its report today on Staples

, maintaining Neutral. In its report, Goldman Sachs writes, "With results stable, we expect see some multiple recovery and potential upside to our $17 target. We maintain our Neutral stance given secular challenges. We raise FY11 by $0.03 to $1.41, FY12 by $0.04 to $1.57 and FY13 by $0.01 to $1.67, on flow-through of 2Q's modest beat." At the time of posting, shares of SPLS were trading pre-market at $14.00, down 2.03% from Wednesday's close.