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Fly News Breaks for July 29, 2016
HBI
Jul 29, 2016 | 07:21 EDT
UBS believes Hanesbrands has one of the best catalyst calendars in the second half of the year and noted its price to earnings ratio is at a three year trough. The firm sees a favorable risk/reward after shares pulled back to reflect investor concerns over its earnings quality. UBS views those concerns as overblown and reiterated its Buy rating and $37 price target on Hanesbrands shares.
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