Goldman Sachs Starts Hanesbrands (HBI) at Conviction Buy
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Price: $50.84 -0.1%
Rating Summary:
8 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Rating Summary:
8 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Trade HBI Now!
Goldman Sachs initiates coveraged on Hanesbrands (NYSE: HBI) with a Conviction Buy rating and a price target of $50.00.
"We like HBI for its durable portfolio of basic brands on the verge of transitioning from a debt-reduction story to one of shareholder friendly capital allocation. We expect the next chapter to be written through a dividend, share repurchases and acquisitions. We see 19% upside to our 12-month, $50 price target," said analyst Taposh Bari.
For an analyst ratings summary and ratings history on Hanesbrands click here. For more ratings news on Hanesbrands click here.
Shares of Hanesbrands closed at $42.03 yesterday, with a 52 week range of $24.64-$42.19.
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"We like HBI for its durable portfolio of basic brands on the verge of transitioning from a debt-reduction story to one of shareholder friendly capital allocation. We expect the next chapter to be written through a dividend, share repurchases and acquisitions. We see 19% upside to our 12-month, $50 price target," said analyst Taposh Bari.
For an analyst ratings summary and ratings history on Hanesbrands click here. For more ratings news on Hanesbrands click here.
Shares of Hanesbrands closed at $42.03 yesterday, with a 52 week range of $24.64-$42.19.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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