Williams Trading Downgrades Hibbett to Hold, Announces $73 Price Target
Portfolio Pulse from Benzinga Newsdesk
Williams Trading analyst Sam Poser downgrades Hibbett (NASDAQ:HIBB) from Buy to Hold and sets a $73 price target.
March 18, 2024 | 10:19 am
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Williams Trading downgraded Hibbett from Buy to Hold and set a $73 price target.
Analyst downgrades typically lead to a short-term negative reaction in the stock price as market participants adjust their expectations. The downgrade from Buy to Hold suggests a neutral outlook on the stock, potentially limiting upside momentum. The $73 price target provides a reference point for valuation but may not be sufficient to drive positive sentiment given the downgrade.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100