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Fly News Breaks for August 3, 2016
HBI
Aug 3, 2016 | 06:58 EDT
Brean Capital said they remain constructive on Hanesbrands following soft Q2 results as they believe their buy thesis remains intact. The firm sees an acceleration of core revenues, increased manifestation of acquisition synergies, improving inventory and free cash flow, and a successful succession plan to a new CEO. Brean Capital reiterated its Buy rating and lowered its price target to $35 from $37 on Hanesbrands shares.
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