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Goldman Sachs Starts Gildan Activewear (GIL) at Neutral

June 13, 2011 7:53 AM EDT
Get Alerts GIL Hot Sheet
Price: $35.12 -0.26%

Rating Summary:
    9 Buy, 15 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 17
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Goldman Sachs initiates coverage on Gildan Activewear (NYSE: GIL) with a Neutral rating and $37 price target.

The firm said the stock properly balances long-term growth prospects with rising input cots. Goldman likes the long-term story as the company has built an efficient supply chain.

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 $33.64 yesterday.


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