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Fly News Breaks for October 26, 2015
HBI
Oct 26, 2015 | 08:08 EDT
DA Davidson downgraded Hanesbrands (HBI) to Neutral and lowered its price target to $30 from $37 on shares. Analyst Andrew Burns said Walmart's (WMT) analyst day indicates Hanesbrand's top customer is struggling and sees risk of further inventory declines, sluggish sell-through trends, and potential price pushbacks.
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