UPDATE: Goldman Sachs Raises PT to $18 on Barnes & Noble on Better Earnings, M&A Potential
March 05, 2013 at 14:55 PM EST
Goldman Sachs maintained Barnes & Noble (NYSE: BKS ) with a Neutral rating and raised the price target from $17.00 to $18.00. Goldman Sachs commented, "We raise our 12-month price target by $1 to $18 to reflect the combination of BKS's better-than-expected bookstore earnings and a 15% weighting for M&A