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Fly News Breaks for May 21, 2015
HBI
May 21, 2015 | 12:22 EDT
Sterne Agee CRT views the sell-off in Hanesbrands following the company's Q1 earnings as a buying opportunity, noting that a filing from the company "essentially reiterated" management's view that its Q1 sales miss was a temporary timing issue that should normalize. The firm expects consensus estimates to be revised higher in the future and reiterates its Buy rating and $38 price target on Hanesbrands.
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