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Why Most Analysts Recommend ‘Hold’ for Office Depot Stock

Why Most Analysts Recommend ‘Hold’ for Office Depot Stock

Of the seven analysts covering Office Depot (ODP) on July 13, 57% recommended “hold,” 14% recommended “buy,” and 29% recommended “sell.” Office Depot’s switch to becoming a business services provider seems to have paid off. Its acquisition, CompuCom, has been its biggest growth driver amid the technological shift and digital commerce expansion.