Barnes & Noble Downgraded at Credit Suisse (BKS)
Posted on August 14, 2009 at 11:07 AM EDT
Analysts at Credit Suisse downgraded bookseller Barnes & Noble, Inc. (BKS) on Friday. Credit Suisse cut its rating on the stock to “Underperform” from a previous “Neutral” rating, citing the company’s recent acquisition of Barnes & Noble College Booksellers. The analyst said that the move has raised its risk profile, and took away cash that could [...]