Barnes & Noble, Inc. (NYSE:BKS) stock was up Monday following recent coverage by Craig Hallum.

Craig Hallum started its coverage of BKS shares with a “Buy” rating and a target price of $36. This would be a 61.58% premium on the company’s current stock price. Barnes & Noble is expected to report earnings per share of 9 cents for its current fiscal year, reports Dakota Financial News.

Barnes & Noble shares have recently been upgraded by Maxim Group and TheStreet. Both firms gave BKS stock a “Buy” rating. Maxim currently has a price target of $36 for the stock, Dakota Financial News notes.

According to Schaeffers Research, BKS stock hasn’t reached a price of $36 since 2008. Barnes & Noble stock also only has a “Strong Buy” rating from one in four firms.

BKS shares were up 6% as of Monday afternoon.

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