Gildan Activewear price target raised to $71 from $68 at RBC Capital

RBC Capital raised the firm’s price target on Gildan Activewear (GIL) to $71 from $68 and keeps an Outperform rating on the shares. Gildan is well positioned to capture share over the medium-term, particularly within national accounts, supported by incremental program wins amidst a narrowing competitive landscape, a solid pipeline of differentiated product innovation, and its low-cost manufacturing platform with capacity to capitalize on near-shoring trends, the analyst tells investors in a research note.