Staples downgraded at B. Riley As previously reported, B. Riley downgraded Staples to Neutral from Buy. The firm downgraded shares given broad based retail sales weakness and a slow recovery in international. Price target lowered to $15 from $18.
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.