Gildan Activewear price target raised to $70 from $56 at UBS

UBS raised the firm’s price target on Gildan Activewear (GIL) to $70 from $56 and keeps a Buy rating on the shares. UBS believes trends in Gildan’s core business will drive the stock, the analyst tells investors in a research note. The firm’s checks suggest trends are solid, but UBS doesn’t think Gildan will change its FY25 guidance.