RBC Capital raised the firm’s price target on Gildan Activewear to $39 from $36 and keeps an Outperform rating on the shares. The company’s Q3 results were a modest beat, though the management also highlighted soft demand in certain International markets and price pressures across all International geographies, the analyst tells investors in a research note. “Trade-down” behavior among consumers also continued within the broader Activewear category this quarter, the firm added.
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