In a report published Tuesday, Jefferies analyst Daniel Binder reiterated a Hold rating on hhgregg HGG, and raised the price target from $8.00 to $14.00.
In the report, Jefferies noted, “Potential upside in credit, gaming (limited participation likely), furniture and strong trends in appliances give us greater confidence that guidance is achievable this year, unlike recent years when we saw sharp downward earnings revisions. HGG shares have bounced nicely off depressed levels and appear to be pricing in some of the tailwinds.”
hhgregg closed on Monday at $15.61.
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