Goldman Sachs Removed Barnes and Noble (BKS) from Conviction Sell List

February 16, 2010 8:59 AM EST
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Price: $6.49 --0%

Rating Summary:
    2 Buy, 8 Hold, 3 Sell

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    Up: 24 | Down: 13 | New: 20
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Goldman Sachs removed Barnes and Noble (NYSE: BKS) from their Conviction Sell list, although the firm maintains a Sell rating. The firm's price target of $17 is unchanged.

The firm said activist investor Ron Burkle's challenge to the poison pill and his desire to raise his stake are likely to mitigate the impact of an eroding financial and competitive backdrop in the near-term.

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Goldman Sachs Conviction Sell List, Ron Burkle