By: Benzinga
UPDATE: KeyBanc Upgrades OfficeMax to Buy, Names $14.50 PT on Merger Announcement
In a report published Monday, KeyBanc analyst Bradley B. Thomas upgraded the rating on OfficeMax (NYSE: OMX ) from Hold to Buy, and named a $14.50 price target. In the report, Thomas noted, “While we believe our upgrade call may be somewhat early, as the merger is likely a 2014-2016
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