Wednesday, July 7, 2010
Hanes Brands (HBI)--Barclay's Bullish
Hanesbrands (1-OW/Neu, $24.95) Bullish: Matt McClintock argues that HBI is at an inflection point and that earnings can double from 2009 to 2012 on very modest top line growth assumptions. Following several years of necessary reinvestment post the spin off from SLE, HBI is now poised for notable margin expansion, debt reduction, and sales growth from product innovation & international expansion.
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