Goldman Sachs Made the Right Call, Staples 1.4% Lower

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"A week ago, Goldman Sachs downgraded Staples from Conviction Buy to Neutral. Staples stocks closed at $22.25, a 1.4% loss over the course of one week.A 14.5% potential upside exists for Staples, based on a current level of $22.24 and analysts' average consensus price target of $25.47. The stock should hit resistance at its 50-day moving average (MA) of $22.75 as well as support at its 200-day MA of $21.05."

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