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.
Image source: Getty Images.
Source Fool.com
Gildan Activewear Inc. Aktie
?
0,00 %
Starke Kaufsignale für Gildan Activewear Inc.: Keine Sell-Einschätzungen, nur Buy-Einschätzungen.
Ein positives, aber moderates Potenzial für Gildan Activewear Inc. mit einem Kursziel von 62 € im Vergleich zu 60.5 €.
