Stephen Macleod, an analyst from BMO Capital, maintained the Buy rating on Gildan Activewear (GIL – Research Report). The associated price target is $64.00.
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Stephen Macleod has given his Buy rating due to a combination of factors including Gildan Activewear’s strategic positioning for growth and market share expansion. The company demonstrated robust performance in Q4/24, with results aligning with expectations, and has laid out a promising 2025 outlook. A significant portion of their future growth is anticipated from new initiatives and product innovations, which positions them well for continued success.
Additionally, Gildan’s ability to leverage its low-cost manufacturing capabilities is a key advantage. The company’s leadership in pricing and product availability, coupled with its flexibility in manufacturing, supports its competitive edge. The positive momentum in their activewear segment and prudent management of market dynamics contribute to the favorable Buy rating.
In another report released on February 12, Citi also maintained a Buy rating on the stock with a $59.00 price target.
GIL’s price has also changed moderately for the past six months – from $42.510 to $53.900, which is a 26.79% increase.