Gildan Activewear price target raised to $65 from $60 at Stifel

Stifel raised the firm’s price target on Gildan Activewear (GIL) to $65 from $60 and keeps a Buy rating on the shares after the company reported better than expected Q4 EPS and management introduced 2025 guidance calling for EPS to range between $3.38 to $3.58, or 13%-19% year-over-year growth. The company announced two promotions, notes the analyst, who views these promotions “positively” and adds that they address “some of the succession planning concerns which created a turmoil in late 2023.”