Hibbett Sports (HIBB) Misses Q1 EPS by 44c; Lowers Outlook

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BofA Securities Double Downgrades Hibbett Sports (HIBB) to Underperform on 'significant slowdown'

May 30, 2023 6:55 AM EDT

Friday afternoon, BofA Securities analyst Alexander Perry downgraded Hibbett Sports (NASDAQ: HIBB) from Buy to Underperform with a price target of $35.00 (from $85.00), citing a "significant slowdown".

The analyst commented, "We are downgrading HIBB to Underperform (from Buy) and lowering... More