Hanesbrands Newly Covered, Bullish Start for GE & TJX Upgraded

Strong starts with fresh coverage for Hanesbrands (HBI), General Electric (GE) and upgrade for TJX Companies (TJX) in Tuesday's Analysts' Actions. Hanesbrands is now being covered by UBS. The firm is starting the underwear maker with a BUY rating with the price target set at $127. UBS points to the company's low-cost supply chain for this bullish call. RBC initiated its coverage of General Electric with an OUTPERFORM rating and the price target at $30 a share. The firm says the conglomerate is right now going through the most change in its history and those changes will create more value. The parent company of discount retailer TJ Maxx was upgraded to OVERWEIGHT at JPMorgan from NEUTRAL. The revision followed a meeting the firm's analysts had with TJX's CEO and CFO. The price target was bumped to $75 from $63. JPMorgan believes the retailer has multi-year top and bottom line drivers.