Gildan Activewear price target lowered to $56 from $60 at CIBC

CIBC lowered the firm’s price target on Gildan Activewear (GIL) to $56 from $60 and keeps an Outperformer rating on the shares. Though tariffs and related macro uncertainty elevates risk, the firm believes Gildan’s vertical integration and low-cost manufacturing “position it well to continue its industry leadership,” the analyst tells investors.