Baird Downgrades Hibbett to Neutral, Raises Price Target to $87.5
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Peter Benedict downgraded Hibbett (NASDAQ:HIBB) from Outperform to Neutral while raising the price target from $80 to $87.5.

April 26, 2024 | 12:02 pm
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Baird downgraded Hibbett to Neutral but increased the price target to $87.5.
The downgrade to Neutral suggests a more cautious outlook on Hibbett's stock by Baird, potentially due to valuation or other concerns. However, the increase in the price target to $87.5 indicates an expectation of some positive performance. This mixed signal could lead to short-term uncertainty among investors, balancing out potential positive and negative impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100