MAIN NEWS HEADLINES
March 6 – March 13, 2008 Edition
Barnes & Noble
Downgraded
to “Neutral”
NEW YORK, NY/3/4/08–Credit Suisse has downgraded the stock rating for Barnes & Noble, Inc. from "outperform" to "neutral," and has reduced the bookseller’s target price from $43 to $30.
Although Barnes & Noble posted its fourth quarter results in line with expectations, the company predicted earnings per share for 2008 would be $1.70-$1.90, below original estimates. B&N admits it is facing a "challenging year." The notice of the ratings downgrade was posted March 4 on the web site, New Ratings.
