B. Riley Securities Maintains Neutral on Hibbett, Raises Price Target to $87.5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Anna Glaessgen has maintained a Neutral rating on Hibbett (NASDAQ:HIBB) while raising the price target from $70 to $87.5, indicating a positive outlook on the company's stock value.
April 24, 2024 | 12:46 pm
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B. Riley Securities maintains a Neutral stance on Hibbett but increases the price target from $70 to $87.5, suggesting an optimistic view on the stock's future performance.
The increase in the price target by B. Riley Securities reflects a positive adjustment in the valuation of Hibbett, likely due to improved financial performance or market conditions. This adjustment suggests that the analyst sees more upside potential in the stock, which could lead to increased investor interest and potentially a rise in stock price in the short term.
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IMPORTANCE 80
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