UBS Lifts Price Target on Hanesbrands, Says Company Is at 'Inflection Point'
UBSUBS(UBS) Investopedia·2024-08-28 05:30

Key TakeawaysUBS lifted its price target on Hanesbrands, saying the apparel maker could be at an "inflection point."UBS analyst Jay Sole increased the company's price outlook to 6.50from6.50 from 5.Sole is quoted as saying Hanesbrands will likely benefit from more spending on product development and marketing, as well as the sale of its Champion brand. Shares of Hanesbrands (HBI) gained Tuesday after UBS boosted its price target on the stock to 6.50from6.50 from 5 while maintaining a "neutral" rating. CNBC reported tha ...