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News Breaks
December 28, 2012
10:05 EDTBKS, PSOBarnes & Noble climbs after Pearson deal despite holiday sales miss
Barnes & Noble (BKS) is advancing after the company announced that its holiday sales would be lower than expected, but also said that British publishing company Pearson (PSO) would invest $89.5M in the American retailer's NOOK unit. Based on preliminary sales results during the holiday season and sales trends, Barnes & Noble expects its holiday sales results will be below expectations, while sales of the company's NOOK e-readers for its current year will not meet its previous forecast. On November 29, Barnes & Noble predicted that its losses from its NOOK unit, excluding certain items, would decrease during its current fiscal year. The retailer also previously reported that its NOOK unit sales had doubled over the four day Black Friday weekend. Meanwhile, Pearson agreed to invest $89.5M of cash in Barnes and Noble's NOOK unit, using a post-investment valuation of about $1.789B. Pearson will receive a 5% stake in the unit, Barnes & Noble added. In early trading, Barnes & Noble climbed 91c, or 6.34%, to $15.26.
News For BKS;PSO From The Last 14 Days
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September 29, 2014
10:00 EDTPSOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akorn (AKRX) upgraded to Outperform from Sector Perform at RBC Capital... Alexandria Real Estate (ARE) upgraded to Buy from Hold at ISI Group... Baidu (BIDU) upgraded to Buy at UBS... Banner Corp. (BANR) upgraded to Buy from Neutral at DA Davidson... Boston Properties (BXP) upgraded to Buy from Hold at ISI Group... Brocade (BRCD) upgraded to Hold from Sell at Summit Research... Chico's FAS (CHS) upgraded to Outperform from Perform at Oppenheimer... Energy Transfer Partners (ETP) upgraded at Morgan Stanley... Equity One (EQY) upgraded to Buy from Hold at ISI Group... FedEx (FDX) upgraded to Outperform from Market Perform at Cowen... Himax (HIMX) upgraded at Craig-Hallum... Janus Capital (JNS) upgraded at Morgan Stanley... Kilroy Realty (KRC) upgraded to Buy from Hold at ISI Group... LRR Energy (LRE) upgraded to Buy from Hold at Stifel... Nationstar (NSM) upgraded at Sterne Agee... Nexstar (NXST) upgraded to Buy from Hold at Noble Financial... Nike (NKE) upgraded to Outperform from Neutral at Credit Suisse... Pearson (PSO) upgraded to Outperform from Underperform at Macquarie... Philips (PHG) upgraded to Buy from Hold at ING Group... Rent-A-Center (RCII) upgraded at KeyBanc... Rice Energy (RICE) upgraded to Buy from Accumulate at KLR Group... Sonic Automotive (SAH) upgraded to Overweight from Underweight at Morgan Stanley... Tahoe Resources (TAHO) upgraded to Outperform from Market Perform at Raymond James... Tanger Factory (SKT) upgraded to Buy from Hold at ISI Group... Universal Health (UHS) upgraded at BMO Capital... Voya Financial (VOYA) upgraded to Strong Buy from Outperform at Raymond James... Waste Management (WM) upgraded at Wedbush... Yahoo (YHOO) upgraded to Buy from Hold at Needham.
05:51 EDTPSOPearson upgraded to Outperform from Underperform at Macquarie
Macquarie upgraded Pearson two notches to Outperform from Underperform citing the company's new growth platforms in digital software and services.
September 24, 2014
07:37 EDTPSOReed Elsevier upgraded to Market Perform from Underperform at Bernstein
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September 18, 2014
05:28 EDTBKSBarnes & Noble NOOK Press partners with The Bookseller
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