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Fly News Breaks for July 31, 2015
HBI
Jul 31, 2015 | 07:01 EDT
Barclays said Hanesbrands' Q2 results were in line with Activewear offsetting softness in Innerwear. The firm's analyst was disappointed by Innerwear weakness but said Q3 expectations have been reset. Barclays believes Hanesbrands it is one of the best stories to own heading into 2016 as past M&A synergies, likely new M&A, and buybacks support 2016 earnings growth. The firm rates shares an Overweight.
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