Gildan Activewear price target raised to $64 from $58 at BMO Capital

BMO Capital raised the firm’s price target on Gildan Activewear (GIL) to $64 from $58 and keeps an Outperform rating on the shares after its Q4 earnings beat. The earnings commentary also expressed confidence in Gildan’s ability to drive continued organic growth across all channels, with about 75% of expected 2025 growth coming from new programs, and the firm continues to believe Gildan is well-positioned to leverage its low-cost manufacturing position to aggressively pursue share gains, the analyst tells investors in a research note.