ACCO Brands downgraded to Sell amid high debt and rising costs despite tech expansion and dividend yield

ACCO Brands Corporation has been downgraded to Sell with a price target of $3.26 due to concerns over its high debt levels and challenging macroeconomic conditions. The company recently expanded its technology peripherals through the EPOS acquisition, but continues to face margin pressures from rising fuel and electricity costs. Its leverage remains high at 4.11x net debt to aEBITDA, with $897 million in debt and a significant maturity wall in 2029, coupled with limited cash and operational coverage. Although ACCO offers a 7.59% dividend yield and attractive valuation, the long-term financial outlook suggests it may be a value trap for investors.