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0 0.000157903047528786 0.000157903047528786 0.000157903047528786 0.00789515237644087 0.00789515237644087 0.00789515237644087 0.00789515237644087
Stock impact report

Why Gildan Activewear Stock Triumphed on Tuesday [Yahoo! Finance]

Gildan Activewear, Inc. Class A Sub. Vot. (GIL) 
Last gildan activewear, inc. class a sub. vot. earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: gildancorp.com/investors-landing-page
Company Research Source: Yahoo! Finance
10 stocks we like better than Gildan Activewear › A robust price target increase from an analyst tracking clothing conglomerate Gildan Activewear (NYSE: GIL) put lots of energy into the stock on Tuesday. Taking a cue from that move, investors pushed into the stock, propelling it to a nearly 6% price gain on the day. The analyst behind the move was UBS 's Jay Sole. Before the market open, he raised his Gildan price target nearly 38% to $110 per share, from his previous level of $80. He also maintained his buy recommendation on the stock. Sole's new take on Gildan is based largely on the company's recent acquisition of peer apparel company Hanesbrands, which is chiefly known for its undergarments. In the analyst's view, owning the new asset gives Gildan a scope it couldn't achieve purely by itself. Among other benefits, Hanesbrands's retail presence should help lift the visibility of Gildan's offerings. Another benefit of the acquisition is the potential sell-off of Hanesbrands Show less Read more
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