Goldman Sachs Thinks Barnes & Noble (BKS) Trades Close to Fair Value

March 5, 2013 9:05 AM EST Send to a Friend
Get Alerts BKS Hot Sheet
Price: $22.88 -2.64%

Rating Summary:
    1 Buy, 5 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 28 | New: 51
Trade BKS Now!
Join SI Premium – FREE
Goldman Sachs today maintained a Neutral rating on Barnes & Noble (NYSE: BKS) and boosted its price target to $18.00 (from $17.00). The increased price target reflects better than expected bookstore earnings and potential for M&A.

"We raise our 12-month price target to $18 from $17 to reflect higher earnings for the retail business and to incorporate a 15% M&A weighting (at a higher multiple 4x EV/EBITDA vs. 3x in our base case)," said analyst Matthew J. Fassler.

For an analyst ratings summary and ratings history on Barnes & Noble (NYSE: BKS) click here. For more ratings news on Barnes & Noble click here.

Shares of Barnes & Noble closed at $16.46 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Earnings

Add Your Comment