Cost cuts at Office Depot (ODP +3%) and OfficeMax (OMX +8.4%) should help stabilize their...

|About: Office Depot Inc. (ODP)|By:, SA News Editor

Cost cuts at Office Depot (ODP +3%) and OfficeMax (OMX +8.4%) should help stabilize their liquidity amid tight competition, Barclays says in upgrading the stocks to Equal Weight from Underweight. "Recent improvement in small business optimism is encouraging and may have positive implications for companies operating in the office supplies space," the firm says.