Why National Beverage, Dycom, and Hibbett Sports Jumped Today
Monday was a good day for the stock market, and major benchmarks posted modest gains as the week got off to a solid start. Optimism that this holiday season might finally be a turning point for ailing retailers has helped bolster overall investor sentiment, and the broader picture for the global economy holds good prospects for international markets to catch up with the U.S. in 2018. Some strong individual showings also helped prop up the mood on Wall Street. National Beverage (NASDAQ: FIZZ), Dycom Industries (NYSE: DY), and Hibbett Sports (NASDAQ: HIBB) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.
Shares of National Beverage climbed 7% after the maker of LaCroix sparkling water and other beverage products got favorable comments from stock analysts. Researchers at Susquehanna upgraded their view on the stock from neutral to buy, boosting their price target on the stock to $150 per share. The analysts argued that National Beverage has pulled back somewhat from its highs, making it a bit less richly valued, and they believe that there's a possibility that an acquirer will step in to buy the beverage specialist. There's a lot of doubt as to whether National Beverage can sustain its momentum, but so far, naysayers have taken it on the chin despite competitive threats on the horizon.
Image source: National Beverage.
Source: Fool.com
