You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Mass. movers

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.

Continue reading below

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.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com