Acco Brands price target lowered to $9 from $12 at Noble Capital

Noble Capital lowered the firm’s price target on Acco Brands (ACCO) to $9 from $12 and keeps an Outperform rating on the shares. The firm’s lower target reflects the current stock price and operating environment, but it believes the shares are “oversold and present an attractive risk/reward opportunity,” the analyst tells investors after management lowered full year guidance.