Market Overview

UPDATE: Jefferies Reiterates Hold Rating, Raises PT on hhgregg

Share:
Related HGG
18 Biggest Mid-Day Gainers For Thursday
Mid-Morning Market Update: Markets Mostly Higher; Wendys Posts Mixed Q4 Report
hhgregg: The End Is Near (Seeking Alpha)

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

Jefferies noted, “We are seeing some capitulation by management in the consumer electronics business that may never be what it used to be during the peak years of the TV cycle. Management is now focused on diversifying the business away from video and toward other home categories such as furniture and fitness equipment. It is also trying to expand financing solutions with lower FICO score customers, but this could be a challenge.”

hhgregg closed on Thursday at $8.48.

Latest Ratings for HGG

DateFirmActionFromTo
Jan 2016JefferiesMaintainsHold
May 2015UBSDowngradesNeutralSell
Nov 2014Credit SuisseMaintainsUnderperform

View More Analyst Ratings for HGG
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (HGG)

View Comments and Join the Discussion!