Goldman Sachs Upgraded OfficeMax Inc. (OMX) to Buy
OMX Hot Sheet
Rating Summary:2 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 25 | Down: 12 | New: 36
Goldman Sachs upgraded OfficeMax Inc. (NYSE: OMX) from Neutral to Buy, saying OMX is "our preferred leveraged play on an economic recovery." The firm set a new $14 price target, which represent 28% upside.
The firm said top-line declines moderated in 3Q09 and early in 4Q09. They also said earnings declines are peaking and should give way to earnings growth in 2Q10.
The firm said top-line declines moderated in 3Q09 and early in 4Q09. They also said earnings declines are peaking and should give way to earnings growth in 2Q10.
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