B of A Securities Maintains Underperform on Hibbett, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Alexander Perry maintains an 'Underperform' rating on Hibbett (NASDAQ:HIBB) and raises the price target from $35 to $40.

August 28, 2023 | 10:14 am
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B of A Securities maintains an 'Underperform' rating on Hibbett and raises the price target from $35 to $40.
The 'Underperform' rating suggests that the analyst expects Hibbett's stock to do worse than the market average. However, the raised price target from $35 to $40 indicates a slightly more positive outlook than before. This mixed signal could lead to uncertainty and potential short-term downward pressure on the stock.
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