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Barnes & Noble Education stock target cut to $0.75 from $1.25, hold rating kept

EditorNatashya Angelica
Published 03/21/2024, 04:41 AM
Updated 03/21/2024, 04:43 AM
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On Wednesday, Barnes & Noble Education Inc . (NYSE:BNED) experienced a downward revision in its stock price target by a Craig-Hallum analyst. The new price target is set at $0.75, a decrease from the previous target of $1.25. Despite this change, the analyst has chosen to maintain a Hold rating on the company's shares.

The adjustment in the price target by the analyst comes as a response to the latest quarterly results released by Barnes & Noble (NYSE:BKS_old) Education. The analyst has updated their financial model to reflect the performance indicated in the Q3 report.

The decision to sustain the Hold rating is attributed to the current regulatory uncertainties surrounding the industry in which Barnes & Noble Education operates. The analyst has not provided further details on the specific regulations that may impact the company.

Barnes & Noble Education, a leading provider in the educational services sector, has been navigating a complex market environment. The company's stock performance and future prospects are closely monitored by investors and industry analysts alike.

The update from Craig-Hallum is likely to be of interest to shareholders and potential investors as they assess the company's valuation and consider the impact of external factors on its business operations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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