Staples (SPLS) Misses Q4 EPS by 2; Comps Fell 5%
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Jefferies Cuts Price Target on Staples (SPLS) Following 4Q Miss and Soft Guidance
March 7, 2016 7:30 AM ESTJefferies maintained a Buy rating on Staples, Inc. (NASDAQ: SPLS), and cut the price target to $17.00 (from $20.00), following the company's 4Q earnings report. EPS of $0.26 missed the Streets view of $0.28 as topline sales were soft, reflecting a 5% comp store sales decline at... More
