This clothing manufacturer’s fundamentals have declined, so it is now a “sell”. Our buy recommendation was recently upgraded by Global Hunter Securities from “neutral” to “buy” and raised its price target to $18.
Sell: HanesBrands (HBI)
from Upside
Updated from Investment Digest 756, April 16, 2014
HanesBrands (HBI) was downgraded to Sell. The Quadrix® Overall score has dropped to 74, reflecting middling scores for Value (36) and Financial Strength (49). Shares are not a bargain at 23 times trailing earnings — a 35% premium to the five-year norm of 17.
Richard J. Moroney, CFA, Upside, www.upsidestocks.com, 800-233-5922, February 2, 2015