Market Overview

UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Staples on Strong Secular Trends

Share:
Related SPLS
Expensive Breakups In 2016 Surpass GDPs Of Dozens Of Developing Nations
Loop Capital's Initiation Run Provides One Buy Out Of 6
Pitney Bowes, H&R Block, & Mattel Lead 26 'Safe' S&P 500 Dividend Dog February Gains (Seeking Alpha)

In a report published Wednesday, Jefferies reiterated its Hold rating on Staples (NASDAQ: SPLS), and raised its price target from $12.00 to $15.00.

Jefferies noted, “Strong secular trends in the office products industry and increased competition facing the office superstore (“OSS”) channel from the club, mass, and online channels presents a compelling case for consolidation in the office products industry.”

Staples closed on Tuesday at $14.65.

Latest Ratings for SPLS

DateFirmActionFromTo
Dec 2016Loop CapitalInitiates Coverage OnHold
Aug 2016Deutsche BankMaintainsHold
May 2016Bank of AmericaUpgradesNeutralBuy

View More Analyst Ratings for SPLS
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (SPLS)

View Comments and Join the Discussion!