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Fly News Breaks for December 4, 2015
HBI
Dec 4, 2015 | 08:45 EDT
Goldman analyst Taposh Bari added Hanesbrands to the Conviction Buy List and is well positioned for the current retail environment. Bari said Hanesbrands supply both traditional and online retailers and margins should continue to benefit from lower cotton, deal related synergies, and innovation. Additionally, the analyst sees compelling capital allocation overlay and balance sheet optionality. Bari rates Hanesbrands a Buy with a $42 price target on shares.
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