Hanesbrands price target raised to $9 from $8 at UBS

UBS raised the firm’s price target on Hanesbrands (HBI) to $9 from $8 and keeps a Buy rating on the shares. Hanesbrands’ ongoing turnaround should enable the company to drive better growth in its core innerwear business and deliver better long-term earnings as it operates a much more simplified business, the analyst tells investors in a research note.