Barclays Maintains an 'Equalweight' on OfficeMax (OMX); Becoming More Positive

Barclays maintains an 'Equalweight' on OfficeMax (NYSE: OMX) price target of $6.00.

Analyst, Alan M. Rifkin, said, "We remain confident that fundamentals for OfficeMax and the broader office products space continue to improve in line with the overall macroeconomic environment. In particular, we highlight positive employment trends, strengthening small business metrics and continued improvements in consumer confidence data."

Rifkin prefers auto parts stocks and the home furnishing sector over OMX, but feels shares have further to go, despite the 29% upward move year-to-date.

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 $5.72 yesterday.

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