UBS Maintains a 'Neutral' on OfficeMax (OMX); More Positives Than Negatives
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Price: $15.26 --0%
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
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UBS maintains a 'Neutral' on OfficeMax (NYSE: OMX) price target raised from $6.00 to $6.50.
UBS analyst says, "If we created a ledger of the notable points that came out for OMX’s 4Q’11, there would be more positives than negatives. However, the picture is still murky enough that it’s hard to say that the stock is on a straight march higher. If the economy continues to gain steam, there could be a pretty good case that OMX is well positioned to benefit. Management is helping to foster this constructive story by taking an aggressive swipe at its real estate portfolio. Whether or not the stock gets rewarded will depend on OMX’s ability to execute and generate balanced results." (UBS raises FY12 EPS estimate from $0.58 to $0.62)
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 $6.04 yesterday.
UBS analyst says, "If we created a ledger of the notable points that came out for OMX’s 4Q’11, there would be more positives than negatives. However, the picture is still murky enough that it’s hard to say that the stock is on a straight march higher. If the economy continues to gain steam, there could be a pretty good case that OMX is well positioned to benefit. Management is helping to foster this constructive story by taking an aggressive swipe at its real estate portfolio. Whether or not the stock gets rewarded will depend on OMX’s ability to execute and generate balanced results." (UBS raises FY12 EPS estimate from $0.58 to $0.62)
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 $6.04 yesterday.
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