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Staples stock rises on Office Depot merger speculation

Staples stock is up 15 percent since Aug. 25. Before then, it had fallen 58 percent from October 2010 as profit slid.

Reuters/File 2013

Staples stock is up 15 percent since Aug. 25. Before then, it had fallen 58 percent from October 2010 as profit slid.

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Staples Inc. climbed more than 8 percent, rising a sixth day, as the Framingham company, which runs the world’s largest office-supply chain, had its rating raised to “outperform” from “neutral” by a Credit Suisse analyst, who also lifted his price target to $15 per share, from $11. The analyst, Gary Balter, urged Staples to buy its main rival, Office Depot, to help it fend off online retailers, including Amazon.com. That could boost Staples shares as high as $30 by 2017, he said.

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