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

From other sites
Comments (3)
  • User 14478122
    , contributor
    Comments (9) | 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 2014, 10:42 AM Reply Like
  • dctodd27
    , contributor
    Comments (119) | Send Message
    Goldman accumulating SPLS...
    27 May 2014, 09:26 PM Reply Like
  • Proficiency Post
    , contributor
    Comments (60) | 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 2014, 11:40 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs