Gildan Activewear (GIL) Misses Q2 EPS by 2c

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Credit Suisse Downgrades Gildan Activewear (GIL) to Neutral

August 4, 2015 6:37 AM EDT

Credit Suisse downgraded Gildan Activewear (NYSE: GIL) from Outperform to Neutral with a price target of C$45.00 (from C$42.00).

Analyst D. Hartley commented, "Overall, GIL has stumbled a few times in past year-inventory writedown/price reductions in Q4/14, and now a significant revenue miss... More