Hanesbrands shares could rise 20% due to new products, lower costs, Barron's says

theflyonthewall.com

Hanes (HBI) is currently trading at 14 times this year's earnings forecast and its shares could rise 20% from its new products and lower cost of cotton, Barron's contends. Walmart (WMT) will add 18% more shelf space for men's underwear and Macy's (M) is launching the Hanes brand by June, the paper adds.

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