Form 8-K OFFICE DEPOT INC For: May 10

Go back to Form 8-K OFFICE DEPOT INC For: May 10

UBS Downgrades Office Depot (ODP) to Sell

May 11, 2016 7:35 AM EDT

UBS downgraded Office Depot (NASDAQ: ODP) from Neutral to Sell with a price target of $4.00 (from $5.50) after the merger was terminated.

Analyst Michael Lasser commented, "While ODPs shares are likely to be under pressure given the outcome of the merger with... More