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Why Gildan Activewear Stock Triumphed on Tuesday
The Motley Foolยท 2025-12-16 23:01
One market professional tracking the company believes a new asset will be very synergistic.A robust price target increase from an analyst tracking clothing conglomerate Gildan Activewear (GIL +5.62%) put lots of energy into the stock on Tuesday. Taking a cue from that move, investors pushed into the stock, propelling it to a nearly 6% price gain on the day. More in storeThe analyst behind the move was UBS's Jay Sole. Before the market open, he raised his Gildan price target nearly 38% to $110 per share, fro ...