Hanesbrands price target raised to $5 from $4 at Barclays

Barclays raised the firm’s price target on Hanesbrands to $5 from $4 and keeps an Equal Weight rating on the shares. The company’s Q1 results were mixed, with innerwear slightly below expectations on tighter inventory management at retail, in-line performance at activewear, and stronger gross margin, the analyst tells investors in a research note.