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.
Amazon urges FTC to approve Staples-Office Depot deal, NY Post says Amazon (AMZN) founder and CEO Jeff Bezos has reached out to FTC regulators through intermediaries supporting approval of Staples' (SPLS) proposed $6.3B offer to acquire Office Depot (ODP), the New York Post reports, citing sources familiar with the matter. Reference Link