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

March 5, 2013 9:05 AM EST
Get Alerts BKS Hot Sheet
Price: $10.75 -6.11%

Rating Summary:
    3 Buy, 6 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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 Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities


Add Your Comment