Canaccord raised the firm’s price target on Gildan Activewear to $42 from $37 and keeps a Buy rating on the shares. The firm raised its target following its Q4 results which suggests its channel inventory remains healthy and flat to up single digits revenue growth.
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Read More on GIL:
- GIL Earnings: Gildan Activewear Posts Q4 Beat; Boosts Dividend
- Gildan Activewear Reports Strong Fourth Quarter Results and Initiates Guidance for 2024
- Gildan Activewear sees FY24 adjusted EPS $2.92-$3.07, consensus $3.00
- Gildan Activewear reports Q4 adjusted EPS 75c, consensus 73c
- GIL Upcoming Earnings Report: What to Expect?
