Barclays Maintains an 'Underweight' on Barnes & Noble (BKS); Unveils Updated NOOK Portfolio

Barclays maintains an 'Underweight' on Barnes & Noble (NYSE: BKS) price target of $10.00.

Barclays analyst says, "New NOOK Tablet well-positioned to compete against Amazon's updated Kindle: The new NOOK Tablet enables Barnes & Noble to more effectively compete in the increasingly competitive tablet market. The device comes with an array of media-related programs and apps. Additionally, it features 16 GB of storage (vs. 8 GB for the Kindle Fire). Additionally, the new NOOK Tablet features 1 GB of RAM (vs. 512 MB of RAM in the Kindle Fire). To provide content, Barnes & Noble has partnered with several third-party media and software providers. The new NOOK Tablet will retail for $249 (vs. $199 for the Kindle Fire), which, while not ideal, should enable it to be somewhat competitive."

For an analyst ratings summary and ratings history on Barnes and Noble click here. For more ratings news on Barnes and Noble click here.

Shares of Barnes and Noble closed at $11.39 yesterday.

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