Office Depot, Inc. (ODP): A Good Time To Get In The Investing Game?
Stock analysts at BofA/Merrill lifted target price for Office Depot, Inc. (NASDAQ:ODP) shares but reaffirmed their Underperform recommendation for the stock in their opinion released on August 20. The price target has been increased from $2 to $1.20. BofA/Merrill analysts have downgraded their rating of ODP shares from Buy to Underperform in a separate flash note to investors on May 09. Analysts at JP Morgan downgraded the company stock to a Underweight call from its previous Neutral stance, in a flash note that dated back to October 30.
For the period that ended November 15, 2019, the short interest in Office Depot, Inc. (NASDAQ:ODP) stock is on the down. The 14.61% decline could be an indication that investors and traders expect a growth in the share price, often as a result of an ad ...