Credit Suisse Downgrades hhgregg (HGG) to Neutral, Cuts Target to $22

Article Stock Quotes (1) Comments (0)

An analyst at Credit Suisse downgraded shares of hhgregg (NYSE: HGG) from Outperform to Neutral earlier. The firm cut its price target on the stock from $28 to $22.

Traders in HGG shares are also responding to an earlier downgrade at Janney Capital today.

The stock last traded at $19.55, down 3.5% from Friday's closing price. Credit Suisse's new price target represents potential upside of about 13% from where the stock is trading this afternoon.

For more ratings news on hhgregg click here and for the rating history of hhgregg click here.

Shares of hhgregg closed at $20.26 yesterday, with a 52 week range of $18.20-$31.14.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
• Janney Montgomery Scott Downgrades Cubist Pharmaceuticals (CBST) to Neutral
• Baird Downgrades Titan Machinery (TITN) to Neutral

Create E-mail Alert Related Categories

Downgrades

Related Entities

Credit Suisse

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?