Goldman Sachs Upgrades Staples, Inc. (SPLS) to Neutral

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Goldman Sachs upgraded Staples, Inc. (NASDAQ: SPLS) from Sell to Neutral with a price target of $14.00 (from $11.50).

The firm expect the multiple to remain above recent troughs if sentiment remains elevated among investors for potential consolidation. Also, a merger between ODP/OMX would modestly benefit Staples due to store closings.

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 $12.97 yesterday, with a 52 week range of $10.57-$16.93.

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