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Schaeffer's Street Stories: Staples, Inc. Drops 7 Percent on Downgrade



2008-11-25 20:50:02 -

www.schaeffersresearch.com - Office-supply retailer Staples, Inc. (NASDAQ: SPLS) has dropped more than 7% this morning following a downgrade at Friedman Billings & Ramsey from "market perform" to "underperform." This downgrade goes against the norm for the shares, which appear to be a favorite on Wall Street. According to Zacks, the security has earned 10 "buy" ratings and 2 "holds," leaving ample room for additional downgrades.
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Schaeffer's Investment Research

Jocelynn Drake, 513-589-3800

jdrake@sir-inc.com



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