UBS Lowers Estimates & PT on Staples, Inc. (SPLS); Easier Said Than Done
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Price: $56.13 -0.05%
Rating Summary:
3 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Rating Summary:
3 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
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UBS maintains a 'Neutral' on Staples, Inc. (NASDAQ: SPLS) price target of $12.00 (from $13.00).
Analyst, Michael Lasser, said, "SPLS offered a change in tone from on its 2Q conference call. This suggests it is going to take actions to improve its positioning and its performance. But, addressing some of its challenges like replacing obsolete products that used to drive traffic (e.g. GPS devices and digital cameras), confronting growing competitive threats from online players, and navigating through an uncertain Europe are not easy tasks with simple solutions. Now, the stock is in a waiting period where it is left with the bite of tough 2Q’12 results and sizable unknowns about SPLS’ strategic actions."
FY13 EPS estimate lowered from $1.45 to $1.40 and FY14 from $1.52 to $1.41.
For an analyst ratings summary and ratings history on Staples, Inc. click here. For more ratings news on Staples, Inc. click here.
Shares of Staples, Inc. closed at $11.49 yesterday.
Analyst, Michael Lasser, said, "SPLS offered a change in tone from on its 2Q conference call. This suggests it is going to take actions to improve its positioning and its performance. But, addressing some of its challenges like replacing obsolete products that used to drive traffic (e.g. GPS devices and digital cameras), confronting growing competitive threats from online players, and navigating through an uncertain Europe are not easy tasks with simple solutions. Now, the stock is in a waiting period where it is left with the bite of tough 2Q’12 results and sizable unknowns about SPLS’ strategic actions."
FY13 EPS estimate lowered from $1.45 to $1.40 and FY14 from $1.52 to $1.41.
For an analyst ratings summary and ratings history on Staples, Inc. click here. For more ratings news on Staples, Inc. click here.
Shares of Staples, Inc. closed at $11.49 yesterday.
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