BMO Capital analyst Stephen Macleod has reiterated their bullish stance on GIL stock, giving a Buy rating today.
Stephen Macleod has given his Buy rating due to a combination of factors that highlight Gildan Activewear’s strong position in the market. The company has reported results that align with expectations and has maintained its guidance for 2025, indicating confidence in managing the impact of tariffs. Gildan’s flexible manufacturing network, along with its use of U.S. cotton and yarn, allows it to mitigate tariff impacts effectively, providing a competitive edge.
Additionally, Gildan is expected to experience continued organic growth, with a significant portion driven by new programs and innovations. The company’s ability to capitalize on market share gains, particularly in North America, and its strong momentum in national accounts further support the positive outlook. The strategic focus on low-cost manufacturing and nearshoring opportunities positions Gildan well for future growth, making the stock an attractive investment with a favorable risk-reward profile.
Macleod covers the Consumer Cyclical sector, focusing on stocks such as Aritzia, Gildan Activewear, and CCL Industries. According to TipRanks, Macleod has an average return of 9.1% and a 55.76% success rate on recommended stocks.
In another report released today, Desjardins also maintained a Buy rating on the stock with a C$80.00 price target.