Canaccord Genuity Maintains a 'Buy' on Gildan Activewear (GIL); Investor Day Gighlights Growth and Cost-Reduction Efforts; N-T Headwinds Remain

Canaccord Genuity maintains a 'Buy' on Gildan Activewear (NYSE: GIL), PT $35.

Canaccord analyst says, "Earlier this week we had the opportunity to visit Gildan’s operations in Honduras. Overall we came away with a positive view of the company’s growth prospects and cost-reduction initiatives, which we believe will support earnings growth over the course of our forecast period. However elevated cotton costs could lead to near-term headwinds...We believe Gildan’s longer-term cost reduction initiatives should support margins, while capacity expansion appears ready to add to the top line."

For more ratings news on Gildan Activewear click here and for the rating history of Gildan Activewear click here.

Shares of Gildan Activewear closed at $31.96 yesterday.

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