Read Why Reopening Of Schools Is Likely To Make ACCO Brands Weather Inflationary Pressures

BWS Financial analyst Hamed Khorsand has reiterated a Buy rating on ACCO Brands Corp ACCO, with a price target of $14.
The analyst thinks ACCO has no exposure to the apparel overstocked inventory at retailers this year.
The company’s back-to-school sell-in season began before retailers were worried about consumer spending and orders were received earlier to ensure supply chain snags don’t deter deliveries.
The analyst thinks the orders are unlikely to be canceled, resulting in ACCO’s Q2 earnings being in-line or above street view.
Although, the inflationary pressures induced consumer spending decline could reduce follow on orders to ACCO.
Depleted channel inventory, along with in-person learning, is expected to contribute to an increase in sales of school supplies this year.
Price Action: ACCO shares are trading higher by 1.25% at $6.48 on the last check Thursday.

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