Hanesbrands shares are trading higher after UBS maintained a Neutral rating on the stock but raised its price target from $5 to $6.5
Portfolio Pulse from Benzinga Newsdesk
Hanesbrands shares are experiencing an uptick following UBS's decision to maintain a Neutral rating while increasing the price target from $5 to $6.5.
August 27, 2024 | 3:17 pm
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UBS has maintained a Neutral rating on Hanesbrands but increased its price target from $5 to $6.5, leading to a rise in the stock price.
The increase in the price target by UBS suggests a more optimistic outlook on Hanesbrands' future performance, which is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100