Sterne Agee Initiates Hanesbrands With Buy

Analysts at Sterne Agee initiated coverage on

with a Buy rating. The target price for Hanesbrands is set to $38. Hanesbrands shares have gained 75.20% over the past 52 weeks, while the S&P 500 index has surged 10.47% in the same period. Hanesbrands' shares jumped 1.90% to $33.23 in pre-market trading.