UBS Maintains a 'Neutral' on hhgregg (HGG); More to Come?

UBS maintains a 'Neutral' on hhgregg (NYSE: HGG) price target raised $2 to $15.00.

UBS analyst says, "Modest positive comp leads to operating leverage and strong EPS result: The comp of +1.5% was well above the cons. of -3.2% and allowed HGG to leverage op. expenses despite a sharp drop in GM (-145 bps). With individual category comps improving and financial results outperforming on many metrics, the market now appears to be warming to HGG’s competitive positioning story."

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

Shares of hhgregg closed at $14.01 yesterday.

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