Why Gildan Activewear Stock Triumphed on Tuesday
A robust price target increase from an analyst tracking clothing conglomerate Gildan Activewear (NYSE: GIL) put lots of energy into the stock on Tuesday. Taking a cue from that move, investors pushed into the stock, propelling it to a nearly 6% price gain on the day.
The analyst behind the move was UBS's Jay Sole. Before the market open, he raised his Gildan price target nearly 38% to $110 per share, from his previous level of $80. He also maintained his buy recommendation on the stock.
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Source Fool.com
Gildan Activewear Inc. Stock
€53.50
0.000%
With 29 Buy predictions and not a single Sell prediction Gildan Activewear Inc. is an absolute favorite of our community.
With a target price of 61 € there is a slightly positive potential of 14.02% for Gildan Activewear Inc. compared to the current price of 53.5 €.
