UPDATE: International Strategy & Investment Comments on Staples

International Strategy & Investment has published a research report on Staples Inc

. In the report, International Strategy & Investment wrote, "Investments to gain market share in North American Contract are starting to pay off, while Staples' International business stabilized after a disastrous Q1. Q2 results were better than expected, but retail remains a challenge, although no worse than the last few quarters despite higher fuel prices. " International Strategy & Investment rated Staples a BUY with a price target of $18.00. Staples closed Wednesday at $14.29.