Gildan Activewear Inc. (GIL:CA) National Bank Raises Target Forecast on Outlook

Gildan Activewear Inc. (GIL:CA) (GIL)

Analyst Update

Gildan Activewear received a coverage update from the National Bank of Canada, which raised its 12 month target price to C$97 from C$92, reflecting improved confidence in the company’s earnings trajectory. The revision follows updated forecasts that incorporate the earlier-than-expected closure of the Hanes supply agreement, a development viewed as manageable and already largely absorbed into Gildan’s operating plans.

National Bank highlighted Gildan’s solid medium-term outlook, underpinned by organic growth across core product categories, continued market share gains, and the realization of cost and operational synergies tied to its vertically integrated manufacturing model. The bank also noted that disciplined capital allocation and improving margin visibility support a more favorable risk-reward profile, reinforcing confidence in Gildan’s ability to deliver steady earnings growth over the coming years.

STA Research

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