Barclays Maintains Equal-Weight on Hanesbrands, Raises Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih has maintained an Equal-Weight rating on Hanesbrands (HBI) and increased the price target from $4 to $5.
May 10, 2024 | 7:07 pm
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Barclays has maintained its Equal-Weight rating on Hanesbrands but raised the price target from $4 to $5, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Adrienne Yih from Barclays suggests a positive reassessment of Hanesbrands' value, likely due to improved financial or market expectations. This can positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100