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Analyst: Amazon stock to hit $1,275 per share in 2018
Amazon is the "best long-term growth story available to investors today." But don't expect the company to generate meaningful profits anytime soon. That's according to MKM Partners managing director Rob Sanderson who, on Tuesday, raised his price target on the online giant's stock to $1,275 per share, up from $1,095. -
Office Depot Q2 profit misses amid sales decline
Weak sales made for a rough second quarter for Office Depot. The retailer said its profit fell to $24 million, or 5 cents a share, short of Wall Street expectations, compared with $210 million, or 38 cents a share, in the year-ago period. (The 2016 quarter included a $250 million fee paid by Staples to Office Depot after Staples abandoned its intent to acquire its rival.)

