Friedman Billings Initiates Coverage on Office Depot (ODP) and OfficeMax (OMX)
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Friedman Billings initiates coverage on Office Depot (NYSE: ODP) with a Market Perform rating. Price target $8.
Friedman initiates coverage on OfficeMax (NYSE: OMX) with an Outperform. Price target $18.
Office Depot, Inc. is a global supplier of office products and services. The Company is organized into three business segments: North American Retail division, North American Business Solutions division and International division.
OfficeMax Incorporated (OfficeMax) provides office supplies and paper, print and document services, technology products and solutions and furniture to large, medium and small businesses, government offices, and consumers.
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