Wells Fargo upgrades Hanesbrands (HBI) to a Hold
Hanesbrands received a Hold rating and a $6.00 price target from Wells Fargo analyst Ike Boruchow today. The company’s shares closed yesterday at $6.41.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Boruchow is a 4-star analyst with an average return of 6.9% and a 48.19% success rate. Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Victoria’s Secret, Deckers Outdoor, and Bath & Body Works.
The word on The Street in general, suggests a Hold analyst consensus rating for Hanesbrands with a $6.70 average price target, which is a 4.52% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Hold rating on the stock with a $6.00 price target.
HBI market cap is currently $2.19B and has a P/E ratio of 14.41.
Read More on HBI:
Disclaimer & DisclosureReport an Issue
- Hanesbrands upgraded to Equal Weight from Underweight at Wells Fargo
- Hanesbrands Announces Merger with Gildan Activewear
- CoreWeave reports Q2 beat, Gildan to acquire Hanesbrands: Morning Buzz
- Unusually active option classes on open August 13th
- Morning Movers: Brinker gains, Cava tumbles after restaurants’ earnings reports
