Maxim Group Maintains a 'Buy' on Barnes and Noble (BKS); Best Vs. Worst Case Scenario
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Price: $6.49 --0%
Rating Summary:
2 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Maxim Group maintains a 'Buy' on Barnes and Noble (NYSE: BKS) price target raised to $32.
Analyst, John Tinker, said, "Microsoft’s (Nasdaq: MSFT) $300M JV with BKS (Newco) changes the e-Books digital distribution game...BKS is successfully transitioning from a low growth retailer to a high growth technology firm. Newco (we wonder why it is not being named NOOK) should allow investors to view BKS in a different light, as a high growth potential tech company with a high growth multiple. By contrast, BKS’ lower growth but currently high cash flow, retail bookstore remains at the parent and could trade at a pre-private equity take out value."
"Worst case, MSFT may spend a small amount of money (for MSFT) to market Windows 8 and get access to colleges, where Apple (Nasdaq: AAPL) is extremely strong. Best case, BKS becomes a serious contender with Amazon (Nasdaq: AMZN)(NotRated) and NOOK becomes a leading global player, in the consumer and educational markets."
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 $13.68 yesterday.
Analyst, John Tinker, said, "Microsoft’s (Nasdaq: MSFT) $300M JV with BKS (Newco) changes the e-Books digital distribution game...BKS is successfully transitioning from a low growth retailer to a high growth technology firm. Newco (we wonder why it is not being named NOOK) should allow investors to view BKS in a different light, as a high growth potential tech company with a high growth multiple. By contrast, BKS’ lower growth but currently high cash flow, retail bookstore remains at the parent and could trade at a pre-private equity take out value."
"Worst case, MSFT may spend a small amount of money (for MSFT) to market Windows 8 and get access to colleges, where Apple (Nasdaq: AAPL) is extremely strong. Best case, BKS becomes a serious contender with Amazon (Nasdaq: AMZN)(NotRated) and NOOK becomes a leading global player, in the consumer and educational markets."
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 $13.68 yesterday.
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