Monness, Crespi, Hardt Downgrades Hibbett to Neutral
Portfolio Pulse from Benzinga Newsdesk
Monness, Crespi, Hardt analyst Jim Chartier downgraded Hibbett (NASDAQ:HIBB) from Buy to Neutral, indicating a shift in the firm's outlook on the company's stock.
April 23, 2024 | 5:46 pm
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Hibbett was downgraded from Buy to Neutral by Monness, Crespi, Hardt analyst Jim Chartier, potentially impacting investor sentiment.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they reflect a less optimistic outlook on the company's future performance. Given the downgrade from Buy to Neutral, it suggests that the analyst sees limited upside potential or increased risks that could deter the stock's previous upward trajectory.
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