Office Depot Upgraded To Buy, Shares Up 7.2% (ODP)

Shares of Office Depot, Inc. ODP are trading up 7.2% at $5.79 per share during the Monday afternoon trading session. The stock received a boost when Janney Capital Markets upgraded its rating of the company to Buy from the previous rating of Neutral. The day's range for shares of Office Depot, Inc has been between $5.62 and $5.80 per share. The average price target of analysts who cover Office Depot, Inc. (ODP) is $5.43 per share. Volume of 5.7 million shares is already approaching the daily average volume of 7.6 million shares. Office Depot, Inc provides products and services to its customers through 1,600 worldwide retail stores, a dedicated sales force, top-rated catalogs and a $4.1 billion e-commerce operation. The company provides more office products and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 53 countries. Read more from Benzinga's Company news.