Telsey Advisory Raises its Price Target on Gildan Activewear Inc. (GIL) to $74 from $72 and Maintains an Outperform Rating

Core Viewpoint - Gildan Activewear Inc. is identified as one of the most oversold stocks to consider for investment, with recent price target increases from Telsey Advisory and TD Securities, despite concerns over lighter sales guidance [1][2]. Financial Performance - Gildan reported Q4 adjusted continuing operations EPS of 96 cents, slightly above the consensus estimate of 95 cents, with revenue reaching $1.08 billion, surpassing the consensus of $1.06 billion [3]. - The company anticipates run-rate cost synergies of approximately $250 million by the end of 2028, including around $100 million expected in 2026, following the acquisition of HanesBrands [3]. Analyst Ratings and Price Targets - Telsey Advisory raised its price target on Gildan to $74 from $72 while maintaining an Outperform rating, citing higher expected synergy capture and potential for earlier share buybacks [1]. - TD Securities increased its price target to $80 from $77, keeping a Buy rating after updating its model post the company's Q4 report [2]. Company Overview - Gildan Activewear manufactures and sells a variety of apparel products, including activewear like T-shirts, fleece, polos, and sports shirts, as well as hosiery products such as athletic and dress socks, under multiple brands [4].