Staples chopped down by Goldman Sachs

|By:, SA News Editor

Goldman Sachs downgrades Staples (SPLS) to a Sell rating from Neutral.

Structural challenges will dominate the story on Staples, according to Goldman.

The ratings cut stings a little bit more than most with the investment firm raising Office Depot to Buy on the same day.

SPLS -1.3% premarket