RBC Capital Markets raised its price target on Gildan Activewear Inc. (GIL.TO, GIL) to US$71 from US$68.

Analyst Ryland Conrad maintained an Outperform rating on shares of the Montreal-based clothing company ahead of its Q3 results on October 29.

"We believe Gildan is well positioned to capture share over the medium-term (particularly within national accounts), supported by: (i) incremental program wins amidst a narrowing competitive landscape; (ii) a solid pipeline of differentiated product innovation; and (iii) its low-cost manufacturing platform with capacity to capitalize on near-shoring trends," Conrad said in a note to clients.

"In our view, the acquisition of Hanes further strengthens Gildan's ability to drive share gains and at a 2026 P/E of 13.1x, we continue to see value in the shares with an attractive 2026-2028 outlook supporting steady value creation," the analyst said.

"Against the backdrop of a still uncertain macro environment, we expect commentary around POS and demand trends through Q4/25 and the extent of any changes to 2025 guidance to be in focus," Conrad said.

"We expect management to deliver on previously provided Q3/25 guidance."

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