Gildan Activewear price target raised to $62 from $60 at TD Securities

TD Securities raised the firm’s price target on Gildan Activewear (GIL) to $62 from $60 and keeps a Buy rating on the shares. The company’s Q4 results will illustrate year-over-year earnings growth and attractive free cash flow, the analyst tells investors in a research note. The firm sees textile and yarn capacity increases, innovation, and Gildan’s “industry leading” cost structure driving market share gains. This should support mid-teen earnings growth through 2027, contends TD.