These 5 Stocks Are Getting Crushed Today

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1. Hanesbrands Inc. (NYSE:HBI) has crashed 2.49% as of 1:16 PM ET after the Winston-Salem, North Carolina-based apparel company was downgraded from Overweight to Equal Weight by Adrienne Yih at Barclays. The analyst sees the risk of excess wholesale inventory increasing as key customers raise their promotional activity and put in new orders conservatively. Yih thinks that the high level of inventory and the weak consumer demand will cause challenges for Hanesbrands Inc. (NYSE:HBI). The analyst concluded that the short-term risks outweigh the long-term benefits for Hanesbrands Inc. (NYSE:HBI).

Hanesbrands Inc. (NYSE:HBI) was held by 23 hedge funds as of Q1 2022.

You can also take a peek at the 10 Best Undervalued Dividend Stocks To Buy and 10 Best Recession Stocks To Buy.

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