Hanesbrands (HBI) NewsBite - HBI Gets Positive Broker Coverage
Posted: Tuesday, February 09, 2010 1:55 PM EDT
By: Market Intelligence Center Staff
Hanesbrands (NYSE: HBI) opened at $22.17. So far today, the stock has hit a low of $22.05 and a high of $22.60. HBI is now trading at $22.45, up $0.65 (2.98%). Over the last 52 weeks the stock has ranged from a low of $5.14 to a high of $26.61. Analysts at Sterne Agee initiated coverage on HBI today, starting the stock at Buy with a $27 price target. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for HBI. If you are looking for a hedged play on HBI the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Hanesbrands (HBI) Stock ReportSee what our analysts have uncovered about Hanesbrands (HBI).