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

March 5, 2013 9:05 AM EST Send to a Friend
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Price: $18.60 +2.31%

Rating Summary:
    1 Buy, 5 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 34 | Down: 12 | New: 36
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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.




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