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Staples Gains as Analyst Says It Should Buy Office Depot

Staples Inc. rose for a sixth day after a Credit Suisse analyst said the company should buy Office Depot Inc. to fend off online retailers.

Staples jumped 8.1 percent to $12.63 as of 4:07 p.m. in New York to bring its gain since the start of last week to 15 percent, the most in almost six years, according to data compiled by Bloomberg. Before the recent rally, shares of the Framingham, Massachusetts-based retailer had retreated 58 percent from their level in October 2010 as profit fell amid competition from Web-based rivals such as Amazon.com Inc.