TD Securities raised its price target on Gildan Activewear Inc. (GIL.TO, GIL) to US$77 from US$74 on Tuesday.

Analyst Brian Morrison maintained a Buy rating on shares of the Canadian clothing manufacturer ahead of its quarterly results on February 25.

"With HaneBrands (HBI) acquisition closed, focus should be on Gildan's EPS growth outlook," Morrison said in a note to clients.

"Integration strategy details should improve investor confidence in its ability to drive innovation/market share and achieve synergy targets by integrating textile production to Gildan's 'low-cost facilities,'" the analyst said.

"We view these, along with reiteration of 2028 guidance and non-core asset sales, as next catalysts," Morrison said.

"With HBI closing December 1, it will be a challenge to accurately forecast Q4/25 results as it should include a one-month contribution of HBI, excluding its Australian assets, that we classify as a discontinued operation."

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