Scotiabank Raises Gildan Activewear (GIL) PT to $72 Following Hanesbrands Deal

Gildan Activewear Inc. (NYSE:GIL) is one of the most undervalued Canadian stocks to buy according to hedge funds. On February 3, Scotiabank increased its price target for Gildan Activewear to $72 from $66 while maintaining an Outperform rating. The firm is updating its estimates for the company in anticipation of Q4 2025 results to account for the finalized deal with Hanesbrands. The firm remains constructive on Gildan, highlighting the company’s solid positioning within the apparel industry.

On January 27, TD Securities analyst Brian Morrison increased the firm’s price target for Gildan Activewear to $77 from $74 with a Buy rating as part of a Q4 2025 preview. The firm suggests that providing details on the Hanesbrands integration strategy should support investor confidence regarding Gildan’s capacity to capture market share and realize synergies.

On the same day, BMO Capital raised its price target for Gildan Activewear to $78 from $70 with an Outperform rating. Following the Impressions Expo, the firm expressed confidence in Gildan’s capacity to utilize its low-cost, vertically integrated manufacturing model to foster wholesale growth. This strategy is expected to help the company aggressively capture market share while sustaining higher margins.

Gildan Activewear Inc. (NYSE:GIL) manufactures and sells various apparel products. The company provides various activewear products and also offers hosiery products under Gildan, GoldToe, Signature Gold by GoldToe, GoldToe Edition, Peds, MediPeds, All Pro, and Powersox brands.

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Disclosure: None. This article is originally published at Insider Monkey.