Gildan Activewear price target lowered to $37 from $39 at Canaccord

Canaccord lowered the firm’s price target on Gildan Activewear to $37 from $39 and keeps a Buy rating on the shares. The analyst said despite the near-term weakness, management expects growth in the company’s international markets coupled with new program wins should help offset declines in the company’s North American market, ultimately viewing the company’s guidance as conservative.