UPDATE: Goldman Sachs Lowers PT on Barnes and Noble to $14 (BKS)

Goldman Sachs is out with its report on Barnes and Noble BKS, lowering its PT from $17 to $14. In a note to clients, Goldman Sachs writes, "We are lowering our BKS price target to $14 from $17, as we hike the discount rate (15% up from 10%) in our sum-of-the-parts analysis to reflect market uncertainty. There are no changes to our estimates." Goldman Sachs maintains Neutral on BKS. At the time of posting, shares of BKS were trading pre-market at $10.75, down 2.18% from Friday's close.