The Globe and Mail reports in its Tuesday edition that TD analyst Brian Morrison has reaffirmed Gildan Activeweare at "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Morrison gave his share target a $7 boost to $67 (all figures U.S.). Analysts on average target the shares at $66.86. Mr. Morrison continues to call Gildan one of the firm's "Canada Best Ideas." Mr. Morrison says in a note: "Key catalysts include Gildan achieving its 2025 financial targets, successful integration of HBI/realized synergies, asset sales, improved terms of HBI's debt, and early illustration of share gains/cost efficiencies supporting its 20-per-cent EPS growth target. ... We believe that Gildan s financial performance continues to illustrate the material advantages of its focus on an industry-leading cost structure, which we maintain should lead to market share gains in what we view as a 'commodity-like' industry. We believe Hanes reflects a strong vertical integration opportunity into the retail channel and should position Gildan as a global leader in apparel basics. We have updated our financial forecast for 2026 that incorporates its acquisition of HBI, which is expected to close before Q1/26."
© 2026 Canjex Publishing Ltd. All rights reserved.