Gildan Activewear Reaches Analyst Target Price
November 05, 2021 at 10:06 AM EDT
In recent trading, shares of Gildan Activewear Inc (GIL) have crossed above the average analyst 12-month target price of $39.34, changing hands for $40.66/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..