The Globe and Mail reports in its Friday, July 18, edition that Stifel analyst Martin Landry believes investors should buy shares of Gildan Activewear ahead of its second quarter results on July 31. The Globe's Darcy Keith writes that Mr. Landry targets Gildan shares at $65 (U.S.). Mr. Landry says in a note: "We believe Gildan has gained market share on continued momentum from American Apparel and Comfort Colors. Our channel checks point to improving industry conditions in H2/25, potentially better than originally expected by Gildan. Hence, we believe investors should buy ahead of the quarter as we expect a potential upward revision to the low end of Gildan's 2025 EPS guidance. Gildan's shares have not rebounded as much as other discretionary names in Canada, trading 10-per-cent lower than their highs of $55 seen in February, while the S&P TSX Discretionary Index trades 2-per-cent lower than its 52-week high." The Globe reported on April 24 that Citi analyst Paul Lejuez had reaffirmed his "buy" ranking for Gildan Activewear. It was then worth $42.47. The Globe reported on May 1 that Desjardins Securities analyst Chris Li had reaffirmed his "buy" recommendation for Gildan Activewear. It was then worth $46.01.
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