KeyBanc Starts ACCO Brands (ABD) at Buy; Compelling Even Beyond Synergies from MWV Transaction

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December 8, 2011 5:12 PM EST
Get Alerts ABD Hot Sheet
Price: $10.55 -3.83%

Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 16 | New: 9
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KeyBanc initiates coverage on ACCO Brands (NYSE: ABD) with a Buy. PT $13.00.

KeyBanc analyst says, "CCO Brands is a leading manufacturer of office products with a strong brand portfolio and a goal of owning the number one brand within the categories in which it competes. While the office products sector admittedly faces secular and cyclical headwinds, we are positive on the Company's opportunity to drive market share gains and expense reduction, and to generate synergies once its merger with MeadWestvaco's Consumer & Office Products division closes in 2012."

For an analyst ratings summary and ratings history on ACCO Brands click here. For more ratings news on ACCO Brands click here.

Shares of ACCO Brands closed at $9.84 yesterday.

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