Wunderlich Securities Has Positive Outlook On Hanesbrands

In a report published Friday, Wunderlich Securities analyst Danielle McCoy reiterated a Buy rating and $124.00 price target on Hanesbrands (NYSE: HBI).

In the report, Wunderlich Securities noted, “We are reiterating our Buy rating and $124 price target, and maintaining our FY14 and FY15 EPS estimates with Hanesbrands (HBI) scheduled to report 3Q14 earnings on Wednesday, October 29th after the close. We believe the combination of new innovative platforms, increased shelf space, AUR gains, prime positioning, promotional offers, and disciplined inventories will prove to be key drivers for 3Q performance and beyond. In addition, we expect Maidenform's integration has kept pace and look forward to more color on the plans for DB Apparel now that the deal is finalized. With a portfolio of dominant brands (and growing), a solid operating platform and significant free cash flow generation, we continue to view HBI as core holding.”

Hanesbrands closed on Thursday at $108.94.