Barclays initiated coverage of Gildan Activewear (GIL) with an Overweight rating and $51 price target The company is relatively better positioned than others to absorb the tariff costs given its combination of no China sourcing exposure, innovation this year, such as Plasma Print technologies and Color Comfort, that can command higher prices and offset cost pressures, and reduced competition in the print market from the exit of Delta, the analyst tells investors in a research note. The firm says Gildan is highly cash-generative and has ample room to return capital to shareholders while maintaining an attractive leverage ratio.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIL:
- GIL Upcoming Earnings Report: What to Expect?
- Gildan Activewear price target lowered to C$72 from C$83 at National Bank
- Gildan Activewear Announces 2025 Shareholder Meeting and Leadership Changes
- Gildan Activewear Top Pick designation removed at National Bank
- Gildan Activewear Issues New Series of Floating Rate Notes