Hanesbrands price target lowered by 50c at Stifel, here’s why

Stifel lowered the firm’s price target on Hanesbrands to $4.50 from $5 and keeps a Hold rating on the shares. For Sports and Lifestyle Brand owners, the “still sound” U.S. consumer balance sheets and wage growth that can outpace inflation support growth and margin expansion opportunities for companies with brand-specific drivers, the analyst tells investors in a 2024 sector preview note.