hhgregg, Inc. (HGG) Tops Q2 EPS by 2c; Comps Fell 8.8%; Guides FY13 EPS Above

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Go back to hhgregg, Inc. (HGG) Tops Q2 EPS by 2c; Comps Fell 8.8%; Guides FY13 EPS Above

hhgregg (HGG) Looks Cheap but Facing Secular Headwinds

November 5, 2012 7:59 AM EST

Jefferies maintained a Hold rating on hhgregg (NYSE: HGG) and raised its price target to $8.00 (from $7.00).

"HGG shares look 'cheap' on a P/E basis, but we believe this continues to reflect concerns about the broader CE industry, particularly TV weakness,... More