Hanesbrands price target raised to $5.50 from $4.50 at Citi

Citi raised the firm’s price target on Hanesbrands to $5.50 from $4.50 and keeps a Neutral rating on the shares after press reports indicated the company’s Champion brand may fetch $1B in a sale. A $1B price for Champion “feels like a distressed sale and doesn’t unlock any significant value,” the analyst tells investors in a research note.