HanesBrands Reports Fourth-Quarter 2016 Financial Results

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Hanesbrands (HBI) PT Lowered to $32 at Oppenheimer

February 3, 2017 9:32 AM EST

Oppenheimer lowered its price target on Hanesbrands (NYSE: HBI) to $32.00 (from $35.00) while maintaining a Outperform rating following results.

Analyst Anna Andreeva commented, "HBI wasn't immune to traffic malaise/wholesale cutbacks, with $125M miss to 4Q16 revenues (on top of $150M miss prior year),... More