William Blair Downgrades Hibbett to Hold, Lowers Price Target to $54
Portfolio Pulse from richadhand@benzinga.com
William Blair analyst Sam Poser downgrades Hibbett (NASDAQ:HIBB) from Buy to Hold and lowers the price target from $82 to $54.
May 22, 2023 | 8:14 am
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NEGATIVE IMPACT
Hibbett downgraded to Hold by William Blair, with a lowered price target of $54 from $82.
The downgrade from Buy to Hold and the significant reduction in the price target by a well-known analyst like Sam Poser from William Blair could negatively impact Hibbett's stock price in the short term, as investors may perceive this as a sign of reduced growth potential or increased risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100