Hibbett price target raised to $60 from $45 at B. Riley

B. Riley raised the firm’s price target on Hibbett to $60 from $45 and keeps a Neutral rating on the shares. Hibbett reported a solid top and bottom line beat for Q3, highlighted by strength in women’s footwear amid a strong sneaker trend cycle, but sees disparate performance by category as evidence of a still-shaky demand backdrop, the analyst tells investors in a research note.