hhgregg on the move after Standpoint upgrade

|By:, SA News Editor

Standpoint Research is in with an upgrade on hhgregg (HGG +2.3%) to a Buy rating and fresh price target of $16.

Analyst Ronnie Moas of AAPL-and-MO-are-too-immoral fame likes the retailer's combination of no debt and the confidence expressed by insiders. He expects EPS of $1 within a few years.

Shares of HGG are off close to 18% on the year, but have gained steam today off the Standpoint endorsement.