Update: Goldman Sachs Upgrades Barnes & Noble to Neutral (BKS)

Goldman Sachs is out with its report today on Barnes & Noble BKS, upgradings shares of BKS from Sell to Neutral. In its report sent to clients, Goldman Sachs states, "We remove BKS from the Sell list, and upgrade the stock to Neutral. New analysis on the earnings power of the firm's Internet business, after a period of disappointing results, drives our more optimistic view of the firm's outlook. Also, stronger competitive standing for the core retail business should enhance valuation, in our view." Goldman Sachs increases its PT on BKS from $13 to $19. Shares of BKS traded after hours at $18.75, down 0.16% from Monday's close.