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Fly News Breaks for February 4, 2019
WMT, GIL
Feb 4, 2019 | 10:10 EDT
As previously reported before the open, Desjardins analyst Keith Howlett downgraded Gildan Activewear (GIL) to Hold from Buy and lowered his price target on the stock to C$45 from C$44, citing his questions about whether manufacturing private label men's underwear for Walmart (WMT) will generate adequate returns. "After over a decade with Walmart as its major retail channel customer, Gildan is still seeking a route to acceptable profitability," Howlett tells investors in his downgrade note.
News For GIL;WMT From the Last 2 Days
WMT
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
WMT
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
WMT
Mar 28, 2024 | 09:50 EDT
After Walmart (WMT) and Vizio (VZIO) pulled and refiled their notification under the Hart-Scott-Rodino Act Wednesday, Dealreporter told its readers that the move "may have investors wondering if this could become another Amazon (AMZN) and iRobot (IRBT) situation," contacts tell The Fly. While the M&A-focused publication said "there are traces of that same dynamic here," it added that "this pull-and-refile suggests this deal is on stronger footing than AMZN-IRBT," according to contacts. The news service sees "a genuine chance that this deal could get a prolonged look from regulators due to some of the similar dynamics at play compared to IRBT and AMZN," it reportedly said.