OfficeMax

Piper Jaffray is out with its report today on OfficeMax (NYSE: OMX), lowering its price target from $26 to $21. In a note to clients, Piper Jaffray writes, "We remain Overweight on OMX but are lowering our PT from $26 to $21 based on a tempered outlook for F11. However, we continue to be a believer...

Piper Jaffray has lowered the price target on OfficeMax, Inc. (NYSE: OMX) from $26 to $21 and maintains its Overweight rating.

Goldman Sachs is making changes to the price targets of the following companies: Lowe's (NYSE: LOW) goes to $27 from $26; currently trades at $23.75. OfficeMax (NYSE: OMX) goes to $20 from $19; currently trades at $17.90. PetSmart (NASDAQ: PETM) goes to $42 from $41; currently trades at $38.51....

Piper Jaffray maintains its Overweight rating and $26 price target on OfficeMax (NYSE: OMX) following a meeting with OMX's new President and CEO, Ravi Saligram. In a note to clients, Piper Jaffray writes, "Mr. Saligram believes that there is a huge growth potential for the company given that the...

Piper Jaffray has published a research report on Broadline Retail & Consumer Products, believing that now is a good time to be a consumer and that ad scans for Black Friday have shown that promotions will be higher than in 2009. In the report, Piper Jaffray writes "Price discounts appear...

J.P. Morgan is reporting that OfficeMax, Inc. (NYSE: OMX) has announced that Ravi K. Saligram will become the company's new president & CEO, effective Nov 8th. Mr. Saligram will replace Sam Duncan, who will step down as chairman, president & CEO, and director effective Nov 7th. “We believe...

OfficeMax Inc. (NYSE: OMX) has experienced sluggish sales recovery and the investment in the pursuit of the firm's long term plan, which impacts the bottom line according to Goldman Sachs. Goldman's EPS estimates for 2010 have been trimmed from $0.80 to $0.67, and for 2011 EPS has been reduced...