Baird Maintains Outperform on Hibbett, Raises Price Target to $56
Portfolio Pulse from richadhand@benzinga.com
Baird analyst Peter Benedict maintains an Outperform rating on Hibbett (NASDAQ:HIBB) and raises the price target from $50 to $56.
August 28, 2023 | 1:42 pm
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POSITIVE IMPACT
Baird analyst Peter Benedict maintains an Outperform rating on Hibbett and raises the price target from $50 to $56. This could potentially lead to an increase in the stock's price.
The Outperform rating indicates that the analyst believes the company will do well in the future. The increase in the price target suggests that the analyst believes the stock is undervalued at its current price. This could lead to increased investor interest and a potential increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100