Citi Reiterates Staples Buy Rating After Management Meetings

According to Citi, Staples' SPLS Buy rating is reiterated after meetings with management. Citi reported that it hosted meetings with CFO John Mahoney. “These meetings gave us even more confidence that buying SPLS today is the right call, based on mgt's forward strategic thinking and confidence, the co's competitive positioning and the improvement they are seeing in their business.” Staples closed yesterday at $20.02.