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Fly News Breaks for August 18, 2017
Aug 18, 2017 | 09:47 EDT
Baird analyst Peter Benedict lowered his price target for Hibbett Sports to $10 after the company's Q2 comps missed expectations. While an FY17 earnings guidance cut was expected, the magnitude was more severe on continued top-line weakness and even more pronounced margin pressure, Benedict tells investors in a post-earnings research note. He maintains a Neutral rating on Hibbett.
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