Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

USB Piper Upgrades Staples

USB Piper upgraded its investment recommendation on Staples (SPLS) to strong buy.

Analyst Reed Anderson says he upgraded the shares from outperform based on strong second-quarter results, and an improved outlook. He thinks the results mark an important inflection point for Staples, as they provide further solid evidence that the company's operational and strategic initiatives are positively impacting sales and profitability. He believes these strong results, combined a with gradually improving business climate, should set the stage for considerable appreciation of Staples' shares.

Anderson raised the $1.05 fiscal 2004 (ending January) earnings per share estimate to $1.09, and upped the $1.23 fiscal 2005 earnings per share estimate to $1.27. He has a $27 price target.

blog comments powered by Disqus