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Fly News Breaks for April 15, 2015
SPLS
Apr 15, 2015 | 07:00 EDT
BB&T upgraded Staples to Buy (SPLS) with a $21 price target. The firm believes the Office Depot (ODP) transaction has compelling strategic rational given substantial synergies, $39B in combined annual sales, rationalization of the retail store footprint, and earnings accretion.
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