TD Securities raised its price target on Gildan Activewear Inc. (GIL.TO) to $60 from $58.
Analyst Brian Morrison maintained a Buy rating on shares of the Montreal-based clothing company.
"With its contentious proxy battle in the rearview, Gildan management is now focused on attractive growth potential through market share gains within Fleece/ Ringspun/National Accounts," Morrison said in a note to clients.
"With new textile capacity and an expansion of vertical integration initiatives within yarn spinning, we anticipate 2025 to demonstrate attractive EPS growth and FCF, that should lead to multiple expansion," the analyst said.
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