Wednesday, September 27, 2006

Barnes & Noble stock jump on analysist upgrade

Barnes & Noble stock jumped when Goldman Sachs upgraded to "neutral" and removed the bookseller from its Americas Sell List. That reminds me of the gag on Arrested Development when their company's stock goes from "triple sell" to "Don't Buy" and everyone cheers.

Nevertheless, this is mostly good news for the book industry as one of the reasons cited for the upgrade is the slew of new blockbuster books planned for release this Fall.

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