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Fly News Breaks for April 6, 2016
HBI
Apr 6, 2016 | 07:25 EDT
Noting that Hanebrands stock fell 10% in February and March, Wells Fargo says that the stock now trades at a 15% discount to the branded apparel group. The firm thinks that the stock's decline has created "a compelling buying opportunity." Wells explains that the company's POS trends turned positive in January, while its foreign currency headwinds are easing and its DBA acquisition should generate meaningful synergies starting in 2H16.
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