Piper Jaffray Reiterates Neutral on Staples Inc. (SPLS)

Piper Jaffray is out with a research report this morning, where it reiterates its Neutral rating on Staples SPLS; it has a $22.00 price target on the stock. The PJ analysts said that they are maintaining their $22.00 price target ahead of the company's Q3 earnings release of Thursday, as they believe SPLS continues to be negatively impacted by weak domestic employment trends. They noted that economic tailwinds would be needed to help drive higher operating margins. Staples, Inc. is a leading office products company with delivery operations and retail stores in North and South America, Europe, and China.