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Fly News Breaks for July 7, 2016
HBI
Jul 7, 2016 | 08:17 EDT
FBR Capital analyst Susan Anderson says her "deep dive" into Hanesbrands' acquisitions indicate the company's nonrecurring charges are "rational and when broken out do not appear extreme." Hanesbrands' compensation metrics are similar and even more conservatively weighted toward earnings relative to peers, Anderson tells investors in a research note. She points out several notes on the company's acquisition accounting have been written recently, stating that charges have been inflated and therefore its true earnings power is lower. The analyst views current share levels as a "great opportunity" to get into the name. Anderson keeps an Outperform rating on Hanesbrands with a $39 price target.
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