Barclays Maintains an 'Underweight' on OfficeMax (OMX); A Brighter Road Post 2012
Tweet
Share
E-mailGet Alerts OMX Hot Sheet
Price: $15.26 --0%
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Barclays maintains an 'Underweight' on OfficeMax (NYSE: OMX) price target of $5.00.
Barclays analyst says, "We attended OMX's analyst day in New York City. At this event, President and CEO Ravi Saligram, together with other members of the management team, outlined the company's long-term plans for growth and profitability in what remains a highly challenging operating environment. Overall, the presentations were cautiously optimistic and focused on balancing potential growth opportunities with adapting to the challenges of the highly competitive office supply space."
"Long-term growth targets outlined; profitability likely to continue to come from margin and cost reduction initiatives, although some revenue opportunities remain: Management's presentations focused on the company's long-term return to peak operating margin, suggesting that with the right balance of growth and prudent operational management, the company can successfully return to peak operating margin of 3.8%, which was last achieved in 2007."
For an analyst ratings summary and ratings history on OfficeMax click here. For more ratings news on OfficeMax click here.
Shares of OfficeMax closed at $5.31 yesterday.
Barclays analyst says, "We attended OMX's analyst day in New York City. At this event, President and CEO Ravi Saligram, together with other members of the management team, outlined the company's long-term plans for growth and profitability in what remains a highly challenging operating environment. Overall, the presentations were cautiously optimistic and focused on balancing potential growth opportunities with adapting to the challenges of the highly competitive office supply space."
"Long-term growth targets outlined; profitability likely to continue to come from margin and cost reduction initiatives, although some revenue opportunities remain: Management's presentations focused on the company's long-term return to peak operating margin, suggesting that with the right balance of growth and prudent operational management, the company can successfully return to peak operating margin of 3.8%, which was last achieved in 2007."
For an analyst ratings summary and ratings history on OfficeMax click here. For more ratings news on OfficeMax click here.
Shares of OfficeMax closed at $5.31 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- DA Davidson Starts Comfort Systems USA (FIX) at Buy
- Deere (DE) PT Raised to $585 at JPMorgan
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
