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Office Depot, Inc. (ODP) [hlAlert]

Rating:
Buy ODP
up 42.75 %

Office Depot, Inc. (ODP) rated Buy by BofA/Merrill

Posted on: Friday,  Dec 11, 2015  10:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy Office Depot, Inc. (NASDAQ: ODP) on 12/11/2015. Previously BofA/Merrill rated Buy Office Depot, Inc. (NASDAQ: ODP) on 11/14/2013.,
when the stock price was $5.52. Since then, Office Depot, Inc. has gained 42.75% as of 12/11/2015's recent price of $7.88.
If you would have followed the previous BofA/Merrill's recommendation on ODP, you would have gained 42.75% of your investment in 757 days.

Office Depot, Inc. is a global supplier of office products and services. The Company is organized into three business segments: North American Retail division, North American Business Solutions division and International division. Its sales are processed through multiple channels, consisting of office supply stores, a contract sales force, an outbound telephone account management sales force, Internet sites, direct marketing catalogs and call centers, supported by its network of crossdocks, warehouses and delivery operations. In April 2008, Office Depot, Inc. and Reliance Retail Limited, a subsidiary of Reliance Industries Limited, announced that they have entered into a joint venture to provide office products and services to business customers in India. Office Depot, Inc. and Reliance also announced the acquisition of eOfficePlanet, one of the dealers of office products and services to corporate customers in India.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/11/2015 10:25 AM Buy
None
5.78
as of 8/27/2015
1 Week up  5.77 %
1 Month down  -13.50 %
3 Months down  -13.69 %
1 YTD up  48.96 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/14/2013 8:25 AM Buy
None
5.52

(*) Stock Price at the time of the recommendation.
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