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Fly News Breaks for April 8, 2016
HBI
Apr 8, 2016 | 07:32 EDT
Brean Capital believes the near-term financial impact of Hanesbrands' acquisition of Champion Europe may be immaterial, but it highlights the depth of the company's acquisition pipeline. The firm remains positive on the shares, citing valuation and the company's achievable earnings guidance, core revenue levers, and strong free cash flow generation. Brean Capital reiterated its Buy rating and $33 price target on Hanesbrands shares.
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