TD Securities analyst Brian Morrison raised the firm’s price target on Gildan Activewear to $42 from $40 and keeps a Buy rating on the shares. The firm views the company’s Q4 results as positive. Not only did Gildan appear to reach an earnings inflection point, it has done so while exceeding consensus, increasing year-over-year margin performance, and generating attractive free cash flow, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
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?
