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News Watch
Office Max Surges On Citigroup Upgrade (OMX) - 7/31/2009 3:16:27 PM

7/31/2009-Citigroup raised its rating on shares of OfficeMax (NYSE:OMX) to Buy from Hold and raised its target price from $9.00 to $12.00, representing a 33.3% increase. The broker cited the company's stabilizing sales trend, accelerating market share gains, and valuation. Shares of OfficeMax are trading 14.9% higher on the news.


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