In a report released today, Brian Morrison from TD Securities reiterated a Buy rating on Gildan Activewear (NYSE: GIL), with a price target of $36. The company’s shares opened today at $31.06.
Morrison has an average return of 14.6% when recommending Gildan Activewear.
According to TipRanks.com, Morrison is ranked #1101 out of 4853 analysts.
Gildan Activewear has an analyst consensus of Moderate Buy, with a price target consensus of $34.20, which is a 10.1% upside from current levels. In a report released yesterday, Merrill Lynch also upgraded the stock to Buy.
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The company has a one-year high of $34.19 and a one-year low of $25.33. Currently, Gildan Activewear has an average volume of 553.8K.
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Gildan Activewear, Inc. engages in the manufacture of family apparel, including T-shirts, fleece, sport shirts, socks, underwear, hosiery and shapewear. It operates through the combined Printwear and Branded Apparel segments. The Printwear segment designs, manufactures, sources, and distributes undecorated activewear products.