TD Securities Raises Gildan Activewear Price Target to $80 Amid Positive Sector Outlook

TD Securities has upgraded its price target for Gildan Activewear, raising it to $80 per share from $77, signaling a constructive view on the company’s growth trajectory. The adjustment reflects improved expectations around demand for basic apparel and activewear, particularly in North American markets where Gildan maintains a dominant position. The firm cited resilient consumer spending and the company’s operational efficiency as key drivers behind the revised outlook. Gildan Activewear, a leading producer of branded t-shirts and athletic wear, continues to benefit from its vertically integrated supply chain and strong relationships with major retail partners. The price target increase represents a 3.9% upside from the current trading level, suggesting potential appreciation in the near term. With the company’s recent financial results showing stable margins and steady revenue growth, the move aligns with broader sector trends favoring value-oriented consumer goods companies. The stock, traded under the symbols GIL.AX and GIL, is closely watched by investors in the apparel and consumer discretionary space. This upgrade may influence short-term trading activity, particularly among institutional and retail investors focused on resilient consumer-facing businesses. The move is also likely to bolster confidence in Gildan’s ability to navigate near-term macroeconomic headwinds, including inflationary pressures and shifting retail dynamics.