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.
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