At yesterday’s presentation at Liberty Media’s annual meeting, Barnes & Noble’s William Lynch basically repeated the market predictions and assessments that he’s been making to anyone who would listen. It was an afternoon upgrade from Stifel Niclaus that sent the company’s stock soaring again in early afternoon trading yesterday. Analyst David Schick is coming to believe the company’s contention that it is turning into a technology company, and he set a price target of $25 a share (or 50 percent above current levels). As we suggested earlier, Rakuten’s valuation of Kobo implies that Barnes & Noble’s Nook business should be […]
