BofA/Merrill Lynch Starts Hanesbrands (HBI) at Neutral
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Price: $4.69 -3.3%
Rating Summary:
8 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 47
Rating Summary:
8 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 47
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BofA/Merrill Lynch initiates coverage on Hanesbrands (NYSE: HBI) with a Neutral rating and a price target of $21.00.
Analyst Heather Balsky says the stock appears cheap but comes out on the sideline citing low visibility and stacked risks. The analyst believes management needs to deliver to improve investor sentiment.
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 $19.22 yesterday.
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