Jefferies Lifts PT on Staples (SPLS) to $15

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Jefferies boosted its price target on hold-rated Staples, Inc. (NASDAQ: SPLS) from $12 to $15 following news OMX/ODP could merge.

The firm comments, "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."

For an analyst ratings summary and ratings history on Staples, Inc. click here. For more ratings news on Staples, Inc. click here.

Shares of Staples, Inc. closed at $14.65 yesterday, with a 52 week range of $10.57-$16.93.

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