Scotiabank Raises Gildan Activewear (GIL) PT to $72 Following Hanesbrands Deal

Gildan Activewear Inc. (NYSE:GIL) is one of the most undervalued Canadian stocks to buy according to hedge funds. On February 3, Scotiabank increased its price target for Gildan Activewear to $72 from $66 while maintaining an Outperform rating. The firm is updating its estimates for the company in anticipation of Q4 2025 results to account for the finalized deal with Hanesbrands. The firm remains constructive on Gildan, highlighting the company’s solid positioning within the apparel industry. On January ...