B. Riley analyst Anna Glaessgen raised the firm’s price target on Hibbett to $87.50 from $70 and keeps a Neutral rating on the shares after JD Sports Fashion announced an agreement to acquire the company for $87.50 per share in cash.
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Read More on HIBB:
- UK Stocks: JD Sports (JD) Eyes US Market with $1.08B Hibbett Acquisition; Shares Rise
- Hibbett to be acquired by JD Sports Fashion for $87.50 per share in cash
- Hibbett to participate in a conference call with Benchmark
- Hibbett management to meet virtually with Seaport Research
- Hibbett management to meet virtually with Seaport Global