Goldman Sachs Starts Hanesbrands (HBI) at Neutral, Sees Some Challenges
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Price: $6.47 --0%
Rating Summary:
9 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 2
Rating Summary:
9 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 2
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Goldman Sachs initiates coverage on Hanesbrands (NYSE: HBI) with a Neutral and $23 price target.
The firm notes the company has an attractive business model and margins have been very stable. However, they see near-term risk to margins as higher priced cotton will turn to a headwind. In addition, the industry backdrop is challenging as competitors price more aggressively.
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 $22.20 yesterday.
The firm notes the company has an attractive business model and margins have been very stable. However, they see near-term risk to margins as higher priced cotton will turn to a headwind. In addition, the industry backdrop is challenging as competitors price more aggressively.
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 $22.20 yesterday.
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