Fly News Breaks for April 22, 2016
HBI
Apr 22, 2016 | 07:15 EDT
Brean Capital noted Hanesbrands posted solid Q1 results, including top-line growth, synergy benefits, expense controls and share repurchases. The firm said the setup remains compelling, as they believe fundamentals will continue to improve, augmented by its free cash flow generation giving it flexibility to pursue acquisitions. Brean Capital reiterated its Buy rating and raised its price target to $35 from $33 on Hanesbrands shares.
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