Barclays Maintains an 'Underweight' on Barnes and Noble (BKS); BN.com Losses Mount: Liberty Proposal Under Review

Barclays maintains an 'Underweight' on Barnes and Noble (NYSE: BKS), PT $17.

Barclays analyst says, "We are lowering our estimates to reflect ongoing competitive pressures: We are lowering our 2012 EPS estimate to $(0.50) from $(0.35). Our price target remains unchanged at $17, which is in line with the stipulations of the Liberty Media offer. We believe that in the event a deal with Liberty Media is not reached, Barnes & Noble shares could potentially revert to a fundamental value of $14 per share, implying a multiple of 0.1x our 2012 sales estimate."

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

Shares of Barnes and Noble closed at $18.94 yesterday.

---

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

---

You May Also Be Interested In

• Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
• Ferrovial SA (FER:SM) (FRRVF) Reiterated at Buy by UBS on Winning Bid For Tennessee Project
• Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson