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Fly News Breaks for February 26, 2018
HIBB
Feb 26, 2018 | 10:39 EDT
Baird analyst Peter Benedict raised his price target for Hibbett Sports to $24 after the company previewed a better than expected Q4. The analyst is encouraged to see continued ecommerce momentum, but points out clearance sales continued to drag down margins while store comps "remained soft." Benedict upped his estimates for Hibbett but keeps a Neutral rating on the name.
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