Staples, Inc. (SPLS) Tops Q4 EPS by 1c; Comps Down 5%; Guides FY13 EPS Below Views

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Go back to Staples, Inc. (SPLS) Tops Q4 EPS by 1c; Comps Down 5%; Guides FY13 EPS Below Views

Jefferies Trims Price Target on Staples (SPLS) on Low-Quality Qtr.

March 8, 2013 8:21 AM EST

Jefferies trimmed its price target on Staples, Inc. (NASDAQ: SPLS) from $15 to $14 following a "a low quality beat in Q4 with lower incentive comp and charges clouding profitability, management guided to a more optimistic top line outlook than most expected."
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