Gildan Activewear price target raised to $74 from $72 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Gildan Activewear (GIL) to $74 from $72 and keeps an Outperform rating on the shares. While the company’s lighter sales guidance has raised investor concerns about the company’s sales growth, Telsey is increasing its price target on the stock given increased synergy capture and a potential earlier return to buyback, the analyst tells investors.