TD Securities analyst Brian Morrison raised the firm’s price target on Gildan Activewear (GIL) to $77 from $74 and keeps a Buy rating on the shares as part of a Q4 preview. The firm says details on the HaneBrands integration strategy should improve investor confidence in Gildan’s ability to drive market share and achieve synergies.
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Read More on GIL:
- 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
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- Gildan Activewear Completes Acquisition of HanesBrands