Oscar Gruss Cuts Barnes and Noble (BKS) to Sell Following Malone's $17/Share Bid

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An analyst at Oscar Gruss downgraded shares of Barnes and Noble (NYSE: BKS) from Hold to Sell Monday afternoon. The firm's target was raised from $16.50 to $!7.

The lowered investment rating follows news late Thursday of last week that John Malone's Liberty Media (Nasdaq: LINTA) offered to buy Barnes & Noble for $17/share.

For more ratings news on Barnes and Noble click here and for the rating history of Barnes and Noble click here.

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