The Globe and Mail reports in its Tuesday edition that RBC's Ryland Conrad is keeping his "outperform" ranking for Gildan Activewear intact. The Globe's David Leeder writes that Mr. Conrad's share target edged up by $3 to $71 (all figures U.S.). Analysts on average target the shares at $71.20. Mr. Conrad sees Gildan "leaning on scale to drive steady value creation." Mr. Conrad says in a note: "We believe Gildan is well positioned to capture share over the medium-term (particularly within national accounts), supported by: (I) incremental program wins amidst a narrowing competitive landscape; (ii) a solid pipeline of differentiated product innovation; and (iii) its low-cost manufacturing platform with capacity to capitalize on near-shoring trends. In our view, the acquisition of Hanes further strengthens Gildan's ability to drive share gains and at a 2026 P/E of 13.1 times, we continue to see value in the shares with an attractive 2026-2028 outlook supporting steady value creation." Mr. Conrad says talks about Gildan's upcoming third quarter results, due Wednesday, have been overshadowed by its acquisition of Hanesbrands. He is uncertain about how this deal will affect Gildan's guidance for the next fiscal year.
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