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Staples chopped down by Goldman Sachs

  • 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
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Comments (3)
  • User 14478122
    , contributor
    Comments (5) | Send Message
     
    If you have investments with Goldman Sachs, my recommendation is to run, not walk away with your capital. I think someone at Goldman got their recommendations backwards.
    27 May, 10:42 AM Reply Like
  • dctodd27
    , contributor
    Comments (118) | Send Message
     
    Goldman accumulating SPLS...
    27 May, 09:26 PM Reply Like
  • Proficiency Post
    , contributor
    Comments (18) | Send Message
     
    Goldman must be gormless? Anal advice to sell Staples and buy disintegrating Depot. Obviously see ODP's short term upside given yet to be confirmed $1.5Bn cost cuts/800 store closures, but long term it's dead in the water. Meanwhile, SPLS will win a minimum of $2Bn in sales from ODP in 2015.
    28 May, 11:40 AM Reply Like
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