Gildan Activewear Inc. (GIL) Misses Q3 EPS by 1c

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BofA/Merrill Lynch Upgrades Gildan Activewear (GIL) to Buy

August 1, 2014 8:50 AM EDT

BofA/Merrill Lynch upgraded Gildan Activewear (NYSE: GIL) from Neutral to Buy with a price target of $68.00 (from $61.00), citing increased confidence in sales momentum.

Analyst Chris Li notes that while the company has amassed a 6.5% market share in mens underwear after... More