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Public signal · 1-minute delayed
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UBS increased HBI's price target to $6.50 from $5. HBI's CEO is boosting spending on product innovation and marketing. The sale of Champion brand could improve EBIT margins to 15%. HBI shares rose 5.7% to $6.65, highest since early 2023. Analysts suggest HBI could turn a corner with strategic execution.
- UBS increased HBI's price target to $6.50 from $5.
- HBI's CEO is boosting spending on product innovation and marketing.
- The sale of Champion brand could improve EBIT margins to 15%.
- HBI shares rose 5.7% to $6.65, highest since early 2023.
- Analysts suggest HBI could turn a corner with strategic execution.
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