Barners and Noble, Inc. (NYSE:BKS) moved higher by over 4% today after Credit Suisse upgraded the company from Underperform to Outperform citing valuation and possibility of a LBO. The stock has also seen accumulation lately from a number of notable investors, including Perishing Square Capital who disclosed an 8% stake in a 13G filing on November 13th. Billionaire investor George Soros also initiated a small 0.14% stake in the company a couple of months ago while Charles de Vaulx added to his position, which currently stands at 0.47%. The stock has been on an uptrend since August, rising from $32 to over $40 - a 25% increase. This is definitely a stock to keep an eye on as the LBO possibility and interest by Soros and others continue to propel the company to new highs; however, an upcoming internal review of the company's stock option practices along with mediocre quarterly results are some possible roadblocks.

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