Stocks are little changed as Dow hovers near record highs: Live updates

Casual apparel retailer Hanesbrands could see a long-awaited turnaround, according to UBS. Analyst Jay Sole lifted his price target by $1.50 to $6.50, which implies just 3.3% potential upside for shares. The company's stock price has declined roughly 75% since March 2015, compared to the S & P 500 's 170% gain, he pointed out. This year, Hanesbrands is up more than 48%. Shares jumped 6% on Tuesday, reaching a 52-week high.

'Following our meeting with management we believe HBI has an opportunity to flip the narrative around the stock for the first time in many years. This scenario is contemplated in our upside case,' Sole said in a Tuesday note. 'However, our rating remains Neutral. We want to see more evidence HBI can execute its strategy before considering recommending the stock.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock Market Today:Dow in record close as cyclical stocks shine amid tech rotationStock Market Today:Dow in record close as cyclical stocks shine amid tech rotation
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Dow Jones, Nasdaq, S&P 500 weekly preview: Economic data still key for stocksDow Jones, Nasdaq, S&P 500 weekly preview: Economic data still key for stocks
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stocks rally for second-straight day, with the Dow up 200 pointsBrian Evans is an investing trends reporter for CNBC Pro.
La source: NBCNewsHealth - 🏆 707. / 51 Lire la suite »

CNBC Daily Open: Dow sheds 1,000 points, Japan stocks reboundS&P 500 posts worst day since 2022 in global market sell-off. Google loses antitrust case. Japan stocks rebound
La source: NBCNewYork - 🏆 270. / 63 Lire la suite »

CNBC Daily Open: Dow sheds 1,000 points, Japan stocks reboundS&P 500 posts worst day since 2022 in global market sell-off. Google loses antitrust case. Japan stocks rebound
La source: CNBC - 🏆 12. / 72 Lire la suite »