Williams Trading last night downgraded Hibbett (HIBB) to Hold from Buy with a $73 price target. The firm lowered estimates to reflect the company’s fiscal 2025 guidance, which it does not view as conservative. There does not appear to be enough compelling must have product from Nike (NKE) or the other brands commence a consistently positive same-store-sales trend for the company, the analyst tells investors in a research note. Williams finds it unclear if Hibbett’s SSS guidance appropriately reflect challenges that appear to accelerating with Nike’s product offerings.
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