Barclays Raises Hanesbrands (HBI) Price Target, Keeps Rating

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(NYSE:HBI) is one of the 11 Best US Stocks to Invest in Under $5. On May 19, Barclays analyst Adrienne Yih raised the price target for Hanesbrands Inc. (NYSE:HBI) from $5 to $6 while keeping an “Equal Weight” rating.This decision came after several meetings with the company’s management, which provided important insights into how the company is doing and its future plans.Barclays Raises Hanesbrands (HBI) Price Target, Keeps RatingA factory worker using modern technology to assemble a garment.Yih noted that the overall tone from these meetings was optimistic and management showed confidence in their strategy and the growth potential for Hanesbrands Inc. (NYSE:HBI). Despite industry challenges like intermittent tariffs, the company is seen to have handled these well. Yih expects no major supply chain disruptions from tariffs for the rest of the year.The reason for raising the price target on Hanesbrands Inc. (NYSE:HBI) was a change in the valuation multiple used to value the company, which moved from 9 times to 10 times.Hanesbrands Inc. (NYSE:HBI) is an American multinational clothing company that is known for its basics and innerwear brands.While we acknowledge the potential of HBI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds.Disclosure: None.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,144.00 -2.25 (-0.04%)Dow Futures43,422.00 -2.00 (-0.00%)Nasdaq Futures22,410.25 -2.50 (-0.01%)Russell 2000 Futures2,175.30 -2.60 (-0.12%)VIX17.48 -2.35 (-11.85%)Gold3,342.30 +8.40 (+0.25%)PortfolioSign in to access your portfolioSign inTop gainersNKTR Nektar Therapeutics 24.45 +14.91 (+156.29%)AMRN Amarin Corporation plc 16.04 +3.43 (+27.26%)KEP Korea Electric Power Corporation 12.61 +2.23 (+21.48%)AMBA Ambarella, Inc. 62.19 +10.62 (+20.61%)SMR NuScale Power Corporation 43.24 +6.74 (+18.47%)Top losersBHF Brighthouse Financial, Inc. 53.85 -5.04 (-8.56%)AAP Advance Auto Parts, Inc. 48.26 -3.67 (-7.07%)KTOS Kratos Defense & Security Solutions, Inc. 40.77 -2.86 (-6.56%)DUOL Duolingo, Inc. 422.79 -25.75 (-5.74%)FRO Frontline plc 17.53 -1.05 (-5.65%)Most activeNVDA NVIDIA Corporation 147.90 +3.73 (+2.59%)NU Nu Holdings Ltd. 13.43 +1.09 (+8.83%)TSLA Tesla, Inc. 340.47 -8.21 (-2.35%)INTC Intel Corporation 22.55 +1.36 (+6.42%)LCID Lucid Group, Inc. 2.1700 +0.0100 (+0.46%)Earnings eventsTrending tickersQS QuantumScape Corporation 4.3300 +0.0900 (+2.12%)FDX FedEx Corporation 229.51 +0.28 (+0.12%)BBAI BigBear.ai Holdings, Inc. 5.23 +1.05 (+25.12%)COIN Coinbase Global, Inc. 344.82 +37.23 (+12.10%)NKTR Nektar Therapeutics 24.45 +14.91 (+156.29%)Top economic events