Market Overview

UPDATE: Stifel Downgrades Hanesbrands; Organic Margin Improvement Limited

Share:
Related HBI
Credit Suisse's 9 Consumer Stocks To Own
A Closer Look At 3 Apparel Companies
Can Hanesbrands (HBI) Surprise Earnings this Season? - Analyst Blog (Zacks)

In a research note published Friday, Stifel Nicolaus downgraded Hanesbrands (NYSE: HBI) from Buy to Hold and removed the price target of $73. Looking forward, “opportunity for organic margin improvement and earnings leverage is more limited,” said the firm's Jim Duffy.

Hanesbrands' plan to fuel double-digit earnings per share growth through acquisitions and “the Maidenform acquisition, integration, and margin improvement opportunities (1000bps over 3 yrs.) [are] a testament to the Company's integration competency,” according to Duffy.

Shares are down 1.3 percent to $73.97 following the downgrade. Hanesbrands are up a whopping 231 percent since January 2012.

Latest Ratings for HBI

DateFirmActionFromTo
Jan 2015WunderlichMaintainsBuy
Jan 2015Morgan StanleyInitiates Coverage onOverweight
Nov 2014UBSInitiates Coverage onBuy

View More Analyst Ratings for HBI
View the Latest Analyst Ratings

Posted-In: Analyst Color News Downgrades Price Target Analyst Ratings

 

Related Articles (HBI)

Around the Web, We're Loving...

Get Benzinga's Newsletters