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Hanesbrands: Time to Lock In Profits?

Shares of Hanesbrands (HBI) are falling Thursday after Instinet analyst Simeon Siegel threw in the towel on the intimate apparel maker.

Siegel downgraded the stock today from a Buy to a Neutral following a nearly 13% rally by the stock since the start of the year, arguing that investors should lock in returns ahead of what could be a ugly holiday season for retailers. But Siegel maintained a $ 26 price target on the stock.

Management sugg…
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