CIBC analyst Mark Petrie lowered the firm’s price target on Gildan Activewear (GIL) to $77 from $79 and keeps an Outperformer rating on the shares. The firm cites “slightly moderated” EPS forecasts for its trimmed target, but sees the risk/reward as “highly compelling” and sees “substantial upside in shares” into 2027 as Gildan revamps the Hanes portfolio and investor confidence builds in the growth opportunity.
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