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

Core Viewpoint - Gildan Activewear Inc. is considered one of the most undervalued Canadian stocks, with multiple analysts raising their price targets in anticipation of positive developments related to the Hanesbrands integration strategy and overall market positioning [1][2][3]. Group 1: Analyst Ratings and Price Targets - Scotiabank increased its price target for Gildan Activewear to $72 from $66 while maintaining an Outperform rating, reflecting confidence in the company's positioning within the apparel industry [1]. - TD Securities analyst raised the price target for Gildan Activewear to $77 from $74 with a Buy rating, emphasizing the importance of the Hanesbrands integration strategy for investor confidence [2]. - BMO Capital raised its price target for Gildan Activewear to $78 from $70 with an Outperform rating, highlighting the company's low-cost, vertically integrated manufacturing model as a driver for wholesale growth and market share capture [3]. Group 2: Company Overview - Gildan Activewear Inc. manufactures and sells a variety of apparel products, including activewear and hosiery under several brands such as Gildan, GoldToe, and All Pro [4].