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FBR: Latest Hanesbrands Acquisition Is Huge Growth Opportunity

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Hanesbrands Inc. HBI 2.44% has announced its plans to acquire Champion Europe. FBR’s Susan Anderson reiterated an Outperform rating for the company, with a price target of $39.

Champion Europe owns the trademark for the Champion brand in Europe, the Middle East, and Africa. Hanesbrands has agreed to buy this company for...