Baird downgraded Hibbett to Neutral from Outperform with a price target of $87.50, up from $80, following the proposed acquisition by JD Sports. JD is the most logical suitor for Hibbett and regulatory risk seems fairly low, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIBB: