Barnes & Noble’s rekindled romance with Wall Street, now entering its tenth trading day, continues apace. Their stock registered resilient gains again yesterday even as the overall market suffered, and it is rising again today, passing the $18 mark in early trading, as another analyst–Gary Balter at Credit Suisse–has upgraded revenue estimates and raised his price target for the stock to $20 a share. Beyond BN’s own guidance that the Nook business will comprise $1.8 billion in the current fiscal year, Credit Suisse projects that segment will grow to $2.25 billion in the following year, and $2.813 billion the year […]
