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Fly News Breaks for February 5, 2020
Feb 5, 2020 | 07:31 EDT
Stifel analyst Jim Duffy said expectations are too low for Hanesbrands ahead of the company's Q4 report, stating that he is optimistic about growth opportunities in global Champion and International to cushion the loss of C9 as well as its 2020 free cash flow capacity. He sees potential that delivering to cash flow and leverage objectives is a catalyst for shares and improves sentiment, as the Q4 report did a year ago, Duffy added. The analyst, who further noted the 19% short interest in the stock, reaffirmed his Buy rating and $20 price target on Hanesbrands shares.
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