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
€49.00
0.000%
The stock is an absolute favorite of our community with 29 Buy predictions and no Sell predictions.
As a result the target price of 62 € shows a positive potential of 26.53% compared to the current price of 49.0 € for Gildan Activewear Inc..
