Form 8-K STAPLES INC For: May 10

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Go back to Form 8-K STAPLES INC For: May 10

UBS Downgrades Staples, Inc. (SPLS) to Neutral

May 11, 2016 7:37 AM EDT

UBS downgraded Staples, Inc. (NASDAQ: SPLS) from Buy to Neutral with a price target of $10.50 (from $14.00) after the merger was terminated.

Analyst Michael Lasser commented, "Without the value creation potential from a merger with ODP, SPLS' investment case rests on a... More