Jefferies & Company Reports on Staples (SPLS)

Jefferies & Company commented on Staples SPLS in a report released today. In the report, Jefferies was positive in outlook on the company. Jefferies writes, “Although significant macro tailwinds have yet to materialize in this space up until now, and concerns of secular headwinds dominate analyst reports, we believe signs of improvement are strengthening the case for ownership of Staples shares. We would buy SPLS shares given prospects of share gains in delivery this year and benefits from the emerging labor recovery in the U.S.” Shares of SPLS closed the trading day yesterday at $20.40, down from the opening price of $20.34.