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Fly News Breaks for August 10, 2017
ODP
Aug 10, 2017 | 11:51 EDT
BofA Merrill Lynch noted that Office Depot's revenue declines in both its commercial and retail segments were worse than the firm had anticipated, but the firm remains positive on the company's ability to grow in adjacent categories and services and expects sales declines will moderate through the year. The firm keeps a Buy rating and $6 price target on Office Depot shares.
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