Hanesbrands price target lowered to $7 from $8 at Stifel

Stifel lowered the firm’s price target on Hanesbrands (HBI) to $7 from $8 and keeps a Hold rating on the shares. The firm views shares as “appropriately balancing” opportunities with risks inherent to the sluggish category and leadership transition, adding that it needs a more tangible case for sustainable revenue growth to turn more constructive.