BMO Capital raised the firm’s price target on Gildan Activewear (GIL) to $78 from $70 and keeps an Outperform rating on the shares. Following the Impressions Expo event, the firm has come away with confidence in Gildan’s ability to leverage its low-cost, vertically-integrated manufacturing to drive incremental wholesale growth and aggressively pursue market share gains at sustainably higher margins, the analyst tells investors in a research note.
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