Staples downgraded to Sell from Neutral at Goldman Goldman Sachs downgraded Staples (SPLS) to Sell citing pressure on the Office products sector and margin concerns. The firm lowered its price target for shares to $11 from $11.50. Goldman coupled the downgrade with an upgrade this morning of Office Depot (ODP) to Buy from Neutral.
Staples upgraded to Buy from Neutral at UBS UBS upgraded Staples (SPLS) to Buy based on favorable risk/reward and potential synergies and earnings growth from the Office Depot (ODP) acquisition. Price target raised to $20 from $18.