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	<title>Stock Blog Hub &#187; The Great Atlantic &amp; Pacific Tea Company Inc</title>
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		<title>(HBI) Hanesbrands&#8217; Analyst Downgrades to Neutral</title>
		<link>http://www.stockbloghub.com/2010/03/04/hbi-hanesbrands-analyst-downgrades-to-neutral/29797</link>
		<comments>http://www.stockbloghub.com/2010/03/04/hbi-hanesbrands-analyst-downgrades-to-neutral/29797#comments</comments>
		<pubDate>Thu, 04 Mar 2010 23:41:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Textile - Apparel Clothing]]></category>
		<category><![CDATA[GAP]]></category>
		<category><![CDATA[GIL]]></category>
		<category><![CDATA[Gildan Activewear Inc.]]></category>
		<category><![CDATA[Hanesbrands Inc.]]></category>
		<category><![CDATA[HBI]]></category>
		<category><![CDATA[Maidenform Brands Inc.]]></category>
		<category><![CDATA[MFB]]></category>
		<category><![CDATA[Nike Inc.]]></category>
		<category><![CDATA[NKE]]></category>
		<category><![CDATA[The Great Atlantic & Pacific Tea Company Inc]]></category>
		<category><![CDATA[Warnaco Group Inc.]]></category>
		<category><![CDATA[WRC]]></category>

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		<description><![CDATA[We recently downgraded the shares of Hanesbrands Inc. (HBI) from Outperform to Neutral. This is because intense competition from established players, a debt-heavy balance sheet and exposure to adverse foreign currency translations limit the above-market performance of the company. Hanesbrands faces intense competition in both domestic and international markets from other established players Incorporatedluding Berkshire Hathaway Inc. (BRKA and BRKB, through subsidiaries Russell Corp. and Fruit of the Loom Inc.), Nike Inc. (NKE), Adidas AG, Warnaco Group Inc. (WRC), Maidenform Brands Inc. (MFB) and Gildan Activewear Inc. (GIL). Moreover, the company also competes with private label products of specialty retailers, such as Victoria’s Secret, Old Navy and Gap (GAP). Consequently, the company is under severe stress to maintain profitability. The company’s balance sheet is highly levered, as indicated by a ]]></description>
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