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Fly News Breaks for July 26, 2016
HBI
Jul 26, 2016 | 08:22 EDT
After conducting channel checks, Wells Fargo analyst Ike Boruchow says that the company has unveiled a new innovation platform, called FreshIq, for its Hanes brand innerwear business. The platform utilizes new odor protection technology, according to the analyst. He thinks that the new technology could be incorporated into many other products sold by the company ,and he thinks that it can significantly increase the revenue generated by the core business. The analyst keeps an Outperform rating on the stock.
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