Barclays Reiterates Cautious Stance on hhgregg (HGG); Lowering PT & Estimates

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Barclays maintains an 'Underweight' on hhgregg (NYSE: HGG) price target lowered from $10 to $8.

Analyst, Alan M. Rifkin, said, "All in, we continue to be cautious about the CE industry's prospects over the next year. We are lowering both our 2012 and 2013 EPS estimates from $1.15 to $1.00. We are introducing our 2014 EPS estimate of $1.00. We reiterate our cautious stance on HGG."

For an analyst ratings summary and ratings history on hhgregg click here. For more ratings news on hhgregg click here.

Shares of hhgregg closed at $9.88 yesterday, with a 52 week range of $8.88-$16.65.

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