Hanesbrands (HBI) Receives a Hold from Wells Fargo
Wells Fargo analyst Ike Boruchow maintained a Hold rating on Hanesbrands yesterday and set a price target of $6.00. The company’s shares closed yesterday at $6.87.
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Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Amer Sports, Inc., and Bath & Body Works. According to TipRanks, Boruchow has an average return of 6.8% and a 49.50% success rate on recommended stocks.
Currently, the analyst consensus on Hanesbrands is a Hold with an average price target of $6.70.
HBI market cap is currently $2.47B and has a P/E ratio of 15.45.
Read More on HBI:
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- Gildan Activewear price target raised to $73 from $67 at TD Securities
- Infosys and Hanesbrands enter 10-year partnership
- Gildan Activewear price target raised to $62 from $59 at Scotiabank
- Gildan Activewear price target raised to $68 from $61 at RBC Capital
- Hanesbrands upgraded to Equal Weight from Underweight at Wells Fargo
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