As previously reported, UBS upgraded Gildan Activewear (GIL) to Buy from Neutral with a price target of $60, up from $50. The stock’s upside/downside skew has “significantly improved” with the reinstatement of CEO Glenn Chamandy to the company’s top job, the analyst argues. With Chamandy in charge, the firm views Gildan as a long-term market share gainer and the leader in the imprintables industry, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIL:
Questions or Comments about the article? Write to editor@tipranks.com