Fly News Breaks for November 29, 2019
Nov 29, 2019 | 06:36 EDT
Desjardins analyst Keith Howlett upgraded Gildan Activewear to Buy from Hold with a C$42 price target.
News For GIL From the Last 2 Days
Jul 5, 2022 | 09:22 EDT
TD Securities analyst Brian Morrison lowered the firm's price target on Gildan Activewear to $43 from $51 and keeps a Buy rating on the shares ahead of the company's Q2 results in August. The analyst views Gildan's recent share price decline as "excessive," But he sees few near-term catalysts to offset the current slowing of industry and economic growth. Improved earnings visibility for 2023 is required to lead to an expansion of the current applied multiple, Morrison tells investors in a research note.