Goldman Sachs initiates coverage on Hanesbrands (HBI) with a Conviction Buy rating and $50 price...

|About: Hanesbrands Inc. (HBI)|By:, SA News Editor

Goldman Sachs initiates coverage on Hanesbrands (HBI) with a Conviction Buy rating and $50 price target. Analysts cite the retailer's "durable" portfolio of brands and see a strong program of buybacks and dividend increases.