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Fly News Breaks for March 6, 2015
PETM, HBI
Mar 6, 2015 | 09:23 EDT
FBR Capital views Hanesbrands' 4-for-1 stock split as a potential precursor to the company being added to the S&P 500 Index given the increased share liquidity. FBR notes many buyout deals are in the works that could facilitate an open S&P 500 index slot, including PetSmart (PETM). FBR raised its price target for Hanesbrands to $37 and keeps an Outperform rating on the stock.
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