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Gildan (GIL) Up Again as Analysts Jump On Board Following Earnings

August 14, 2009 10:33 AM EDT
GIL Hot Sheet
Rating Summary:
    6 Buy, 4 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 11 | New: 38
Shares of Gildan Activewear (NYSE: GIL) are continuing higher once again today following Q3 results reported Thursday morning. Adding to yesterday's gains, we have numerous analysts out with bullish calls on the stock today:
  • Macquarie upgrades from Underperform to Neutral with a $21 price target.
  • Genuity upgrades from Hold to Buy.
  • RBC Capital lifted its target from $18 to $21.
  • BMO Capital raises its price target on Gildan from $19.50 to $22.50.
  • Credit Suisse moves its target from $10 to $14.
  • Paradigm ups its target from $21.50 to $27
Gildan shares are up nearly 15% over the last two trading sessions.

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