In a report published Wednesday, KeyBanc Capital Markets analysts upgraded Staples, Inc from Sector Weight to Overweight, with a price target of $20, while adding that the stock has the potential to reach $25-$30 in three years. The FTC is likely to approve the acquisition of Office Depot, Inc. "Our analysis of the 3-2 rejection of the SPLS-ODP deal in 1997, followed by the unanimous approval of ODP-OMX in 2013, suggests a favorable landscape for consolidation, given significant competitive pressure ," the analysts said.
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