Fly News Breaks for January 2, 2020
Jan 2, 2020 | 06:50 EDT
Wells Fargo analyst Ike Boruchow downgraded Hanesbrands to Underweight from Equal Weight with a price target of $12, down from $15, as part of a broader research note on retailers and specialty softlines. The analyst says the retail group had a "very challenging" 2019 due to a confluence of factors including tariff concerns and tough compares, and says core weakness is persisting at Hanesbrands, with Champion decelerating.
News For HBI From the Last 2 Days