Consumer Business Review: Barnes & Noble Optimistic On Tablets, Disney Downgraded

Barnes & Noble (NYSE:BKS) Chief Executive William Lynch is optimistic regarding his firm’s ability to prosper in the tablet market as he reports that preorders for the latest Nook devices are the highest he has ever seen. Lynch added that there does not have to be only one tablets winner, and that the bookseller will have more the largest amount of holiday distribution at Wal-Mart Stores (NYSE:WMT) and Target Corporation (NYSE:TGT) ever, which are two gigantic channels that are not carrying’s (NYSE:MZN) Kindle.

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The Walt Disney Company (NYSE:DIS) is downgraded at Caris to Average, due to valuation and shares moved down modestly in reaction. Disney currently trades at 17 times its estimated 2012 earnings per share, and closed around its 52-week high on Friday.

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