Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on hhgregg

Related HGG
Mid-Afternoon Market Update: Trina Solar Drops After Quarterly Results; Tetraphase Pharmaceuticals Shares Spike Higher
Stocks Hitting 52-Week Lows
When Rate Hikes Come, They Will Ripple Across U.S. Economy (Fox Business)

In a report published Monday, Jefferies & Company reiterated its Hold rating on hhgregg (NYSE: HGG), and slightly raised its price target from $7.00 to $8.00.

Jefferies noted, HGG shares look “cheap” on a P/E basis, but we believe this continues to reflect concerns about the broader CE industry, particularly TV weakness, technology convergence, a shift to online buying and weak product cycles. Meanwhile, management is trying to battle headwinds by introducing new product categories, expanded Apple product lines, improve the web experience and enhance the credit offering.”

hhgregg closed on Friday at $6.39.

Latest Ratings for HGG

Nov 2014Credit SuisseMaintainsUnderperform
Aug 2014B. RileyMaintainsNeutral
Aug 2014JefferiesMaintainsHold

View More Analyst Ratings for HGG
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


Related Articles (HGG)

Around the Web, We're Loving...

Get Benzinga's Newsletters