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Gildan Activewear price target raised to $60 from $56 at TD Securities

TD Securities raised the firm’s price target on Gildan Activewear (GIL) to $60 from $56 and keeps a Buy rating on the shares. The company’s Q1 report illustrated the benefits of its vertically integrated operations, low cost advantage, and manufacturing agility, the analyst tells investors in a research note. The firm says that with an outlook for modest industry softening, Gildan seems poised for market share gains in fleece.

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