Scotiabank raised the firm’s price target on Gildan Activewear (GIL) to $72 from $66 and keeps an Outperform rating on the shares. The firm is revising its estimates for the company ahead of Q4 results to reflect the closing of its deal with Hanesbrands (HBI), the analyst tells investors. Scotiabank is constructive on Gildan, noting it has solid positioning in the apparel space.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIL:
- Gildan Activewear price target raised to $77 from $74 at TD Securities
- Gildan: HanesBrands Integration, Cost Synergies, and Asset Sales Drive EPS Upside and Justify Buy Rating
- Gildan Activewear price target raised to $78 from $70 at BMO Capital
- Gildan Activewear Completes Acquisition of Hanesbrands for $2.3 Billion
- Gildan Activewear price target raised to $110 from $80 at UBS