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Fly News Breaks for January 2, 2020
HBI
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.