Gildan Activewear, a prominent Canadian apparel manufacturer, has recently garnered significant attention from leading financial institutions. Scotiabank, in particular, has revised its outlook on the company, boosting its price target to $72.00. This upward adjustment reflects renewed confidence in Gildan's strategic moves and its robust standing within the global apparel sector. The financial community is closely monitoring Gildan's performance, especially in light of its recent activities, anticipating strong financial results and continued market leadership.
Scotiabank's Bullish Outlook and Analyst Consensus for Gildan Activewear
On February 3, 2026, Scotiabank, a distinguished financial institution, announced an increase in its price target for Gildan Activewear Inc. (NYSE: GIL) to $72.00, an uplift from the previous $66.00. The firm reiterated an 'Outperform' rating on Gildan's stock, signaling a positive forecast for the company's future. This decision was primarily influenced by the impending release of Gildan's fourth-quarter 2025 financial results and the completion of its transaction with Hanesbrands. Scotiabank's analysts underscored Gildan's formidable position within the apparel industry, attributing it to the company's operational efficiencies and strategic acquisitions.
Adding to this positive sentiment, Brian Morrison, an analyst at TD Securities, had already raised his price target for Gildan Activewear to $77.00 from $74.00 on January 27, 2026. Morrison maintained a 'Buy' rating, projecting that Gildan's upcoming Q4 2025 earnings preview would provide crucial insights into the integration strategy with Hanesbrands. He suggested that a clear articulation of this strategy would bolster investor confidence in Gildan's ability to capture a larger market share and unlock significant synergies from the deal. Simultaneously, BMO Capital also adjusted its price target for Gildan Activewear to $78.00 from $70.00, affirming an 'Outperform' rating. Following the Impressions Expo, BMO Capital expressed strong conviction in Gildan's capability to leverage its cost-efficient, vertically integrated manufacturing model. This approach is expected to drive substantial wholesale growth and enable the company to aggressively expand its market presence while sustaining healthy profit margins. Gildan Activewear Inc. specializes in the production and distribution of various apparel items, including activewear and hosiery, under several well-known brands such as Gildan, GoldToe, Peds, and Powersox.
The collective endorsements from these prominent financial institutions highlight a prevailing optimism surrounding Gildan Activewear. The company's strategic integration with Hanesbrands, combined with its proven manufacturing prowess, positions it for sustained growth and enhanced profitability. Investors are keen to see how Gildan will capitalize on these advantages, particularly in expanding its market share and delivering on its financial forecasts.