Staples forecasts fifteenth straight quarterly sales decline

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Jefferies Reiterates Hold on Staples (SPLS) Following 2Q Report

August 18, 2016 7:23 AM EDT

Jefferies reiterated a Hold rating and $9.00 price target on Staples, Inc. (NASDAQ: SPLS) following the company's 2Q earnings report. EPS of $0.12 came in-line with the Street as strong contract division profitability offset weakness in retail.

Analyst Daniel Binder commented, "Q2 EPS... More