Hibbett price target raised to $75 from $70 at Baird

Baird analyst Justin Kleber raised the firm’s price target on Hibbett to $75 from $70 and keeps an Outperform rating on the shares. The analyst said that while Q4 results missed Wall Street expectations, footwear comps were "robust" and pressure from apparel clearance should moderate in Q4. Kelber added that the recent pullback is overdone and that he sees a favorable risk/reward.