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ODP

Office Depot

$5.76

-0.12 (-2.04%)

, SPLS

Taken private 9/17

$10.14

-0.04 (-0.39%)

06:36
07/31/17
07/31
06:36
07/31/17
06:36

Office Depot in talks to buy Staples' 1,500 retail stores, NY Post reports

Office Depot (ODP) is in talks to buy Staples' (SPLS) 1,500 retail stores, The New York Post reports, citing sources. According to the report, Sycamore Partners, which is in the process of buying Staples for $6.9B, wants to retain the company's lucrative corporate supply business, but has "signaled a willingness" to offload the retail stores, which are struggling as customers increasingly shift their buying to online buying on Amazon (AMZN) and other sites. It is unclear whether Office Depot and Staples have rekindled talks, the Post notes, but insiders say Office Depot is the most logical buyer with Sycamore a "willing seller." Reference Link

ODP

Office Depot

$5.76

-0.12 (-2.04%)

SPLS

Taken private 9/17

$10.14

-0.04 (-0.39%)

AMZN

Amazon.com

$1,020.04

-25.96 (-2.48%)

  • 09

    Aug

  • 16

    Aug

  • 18

    Aug

ODP Office Depot
$5.76

-0.12 (-2.04%)

07/12/17
LOOP
07/12/17
NO CHANGE
LOOP
Hold
Office Depot LBO potential doesn't offer significant upside, says Loop Capital
After the recent agreement struck by Staples (SPLS) to go private, Loop Capital analyst Anthony Chukumba examined the leveraged buyout potential of peer Office Depot (ODP). He estimates that a takeover by a private equity sponsor at $7 per share would generate "acceptable, but not awesome" returns, which he concludes provides some level of downside protection but not a significant amount of upside potential for Office Depot shares. Chukumba keeps a Hold rating on Office Depot.
12/13/16
LOOP
12/13/16
INITIATION
Target $5
LOOP
Hold
Office Depot initiated with a Hold at Loop Capital
Loop Capital analyst Anthony Chukumba initiated Office Depot with a Hold and a $5 price target.
04/04/17
KEYB
04/04/17
NO CHANGE
KEYB
Staples would be of interest to PE buyers, says KeyBanc
Following The Wall Street Journal report that Staples (SPLS) is exploring a sale and holding talks with possible private equity bidders, KeyBanc analyst Bradley Thomas said he believes the company would be of interest given its strong free cash flow generation and recent actions taken to make its operations more streamlined. Additionally, the rise of Amazon's (AMZN) delivery segment could provide the "silver lining" of making another attempt at a combination of Staples and Office Depot (ODP) possible, Thomas tells investors.
01/30/17
LOOP
01/30/17
NO CHANGE
LOOP
Hold
Loop says Office Depot CEO pick positive, but doesn't change fundamentals
Loop Capital analyst Anthony Chukumba said he views Office Depot's appointment of Gerry Smith as CEO as a positive given his strong technology background and the fact that the hiring reduces senior management uncertainty. However, this one appointment does not eliminate management uncertainty completely and does not change the company's fundamental outlook, said Chukumba, who keeps a Hold rating on the shares.
SPLS Taken private 9/17
$10.14

-0.04 (-0.39%)

06/22/17
SBSH
06/22/17
NO CHANGE
Target $12
SBSH
Buy
Staples intrinsic value closer to $12 per share, says Citi
Reuters reported Sycamore Partners is close to acquired staples for a price that could top $6B, or approximately $8.66 per share. Citi analyst Kate McShane said the $6B offer appears low considering the value of the two business segments and things intrinsic value is closer to $12 per share based on the sum-of-the-parts valuation. McShane rates Staples a Buy with a $12 price target.
05/16/17
LOOP
05/16/17
NO CHANGE
LOOP
Hold
Staples Q1 results 'mediocre at best,' says Loop Capital
Loop Capital analyst Anthony Chukumba noted that Staples reported Q1 revenues that missed expectations due to continued weakness in North American retail comparable store sales and earnings that were in line with consensus. The analyst, who called the early year results "mediocre at best," keeps a Hold rating on Staples, as he believes its current low valuation is appropriate.
06/22/17
DBAB
06/22/17
NO CHANGE
DBAB
Staples LBO could work in high $9 per share range, says Deutsche Bank
After Reuters reported that buyout firm Sycamore Partners is in advanced discussions to acquire Staples, Deutsche Bank analyst Mike Baker says that Staples could be acquired in an LBO "in the high $9 (per share) range." Baker assumes its new owners would be able to improve its margins by 25 basis point per year, enabling its EBITDA margin to reach 8.5% by 2021, up from 6.9% in 2016. He keeps a Hold rating and $8 price target on the stock, citing what he sees as its "weak sales and/or profit trends."
AMZN Amazon.com
$1,020.04

-25.96 (-2.48%)

07/28/17
RBCM
07/28/17
NO CHANGE
RBCM
Amazon.com large investments justified, says RBC Capital
RBC Capital analyst Mark Mahaney says that Amazon's large investment last quarter is justified by its "very large" total available markets, its" investment track record and its current growth acceleration." The analyst says that the company's "two key end markets - cloud and e-commerce - are only 10%-15% penetrated, while its execution is "excellent" and it is "arguably" the best way to invest in "three of the biggest tech trends..cloud, AI, and Voice activated Internet." He expects the company to eventually generate "dramatic profitability" and keeps an $1,100 price target and an Outperform rating on the shares.
07/28/17
BARD
07/28/17
NO CHANGE
Target $1100
BARD
Outperform
Amazon.com near-term growth prospects remains encouraging, says Baird
Baird analyst Colin Sebastian said the near-term growth prospects for Amazon remains encouraging as the company invests for the future. He noted Q2 results were highlighted by accelerating growth and heavy investments, but that margins remain under pressure. He also said the company is in the early stages of market penetration in areas such as Retail, Media, and Technology. Sebastian maintained his Outperform rating and $1,100 price target on Amazon.com shares.
07/28/17
UBSW
07/28/17
NO CHANGE
Target $1200
UBSW
Buy
Amazon Q2 report a 'dual-edged story' of income and revenues, says UBS
UBS analyst Eric Sheridan said Amazon's Q2 results were a "dual-edged story" of better than expected revenues and disappointing operating income. The analyst said the company is well positioned in two long runway markets - Cloud and eCommerce - and the stock should be a long-term holding for growth and Internet investors. Sheridan reiterated his Buy rating and $1,200 price target on Amazon.com shares.
07/28/17
RHCO
07/28/17
NO CHANGE
RHCO
Teladoc weakness on Amazon news unjusitiifed, says SunTrust
After CNBC reported that Amazon (AMZN) is working on a telemedicine platform, SunTrust analyst Sandy Draper calls the subsequent 10% drop in Teladoc's (TDOC) stock "unjustified.." The analyst says that it will take three to five years for Amazon to launch such a platform, and he thinks the tech giant "would be better off acquiring preexisting industry expertise, relationships, etc. than building out a telemedicine offering from scratch." He keeps a $40 price target and a Buy rating on Teladoc.

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TSLA

Tesla

$315.05

2.55 (0.82%)

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GT

Goodyear Tire

$29.94

0.63 (2.15%)

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HMC

Honda

$32.62

0.02 (0.06%)

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Honda recalls 900,000 minivans on tip forward seats, Reuters says »

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PG

Procter & Gamble

$88.43

-0.82 (-0.92%)

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Activist investors Nelson Peltz still in P&G picture, Barron's says »

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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

, GE

General Electric

$18.21

-0.04 (-0.22%)

09:39
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Periodicals
Buy Baker Hughes, Barron's says »

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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

GE

General Electric

$18.21

-0.04 (-0.22%)

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CSCO

Cisco

$35.90

0.02 (0.06%)

09:19
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More needed for Cisco to have 'groove back,' Barron's says »

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IBM

IBM

$148.97

-0.15 (-0.10%)

09:10
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Periodicals
IBM could be next to fetch higher valuation, Barron's says »

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GE

General Electric

$18.21

-0.04 (-0.22%)

09:05
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11/18
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09:05
Periodicals
Option play offer some help given GE dividend, depressed stock, Barron's says »

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GE

General Electric

$18.21

-0.04 (-0.22%)

09:00
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09:00
Periodicals
Risk remains after GE dividend cut, Barron's says »

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

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Week in review: How Trump's policies moved stocks »

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TWX

Time Warner

$88.72

0.71 (0.81%)

T

AT&T

$34.51

-0.01 (-0.03%)

NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

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TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

07:25
11/18/17
11/18
07:25
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07:25
Conference/Events
TPI Composites to host investor day »

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  • 05

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SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
11/18/17
11/18
04:55
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04:55
Conference/Events
Synaptics management to meet with KeyBanc »

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  • 18

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

18:01
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Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
11/17/17
11/17
18:01
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18:01
Earnings
WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

17:58
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Tactile Systems to replace Lumos Networks in S&P 600 at open on 11/22 »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

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MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

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UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
11/17/17
11/17
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Syndicate
Breaking Syndicate news story on UQM Technologies »

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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
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Goldman Sachs has $510M lawsuit dismissed, Reuters reports »

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VICL

Vical

$1.94

-0.02 (-1.02%)

17:18
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Breaking Hot Stocks news story on Vical »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:18
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Ligand director sells 5,000 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
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Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
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Ligand CEO sells 5,269 common shares »

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MBI

MBIA

$9.01

0.13 (1.46%)

17:15
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Hot Stocks
Breaking Hot Stocks news story on MBIA »

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RBCN

Rubicon

$8.07

0.1218 (1.53%)

17:03
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Breaking Hot Stocks news story on Rubicon »

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