In a research report published on Monday, J.P. Morgan analyst Christopher Horvers raised the price target on hhgregg HGG from $9 to $17 and maintained a rating of Neutral.
In the report, J.P. Morgan noted, "HGG is beginning to see the early fruits of its labor as traffic accelerates from initiatives launched in FY13. These strategies include changing its Video assortment to include more entry level price points, adding Apple products, and diversifying its merchandise to include home entertainment furniture and fitness equipment."
hhgregg closed Monday at $15.61.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
