Stifel Maintains Hold on Hanesbrands, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jim Duffy has maintained a Hold rating on Hanesbrands (NYSE:HBI) but has reduced the price target from $5 to $4.5.
December 14, 2023 | 2:18 pm
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NEGATIVE IMPACT
Stifel analyst Jim Duffy maintains a Hold rating on Hanesbrands and lowers the price target from $5 to $4.5, indicating a potential downside or limited upside.
The reduction in price target by Stifel suggests that the analyst sees less potential for price appreciation in Hanesbrands' stock. This could lead to a negative perception among investors and potentially cause a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100