Scotiabank raises Gildan Activewear (GIL) PT to $72 following Hanesbrands deal

NodeGuardian · 2026-02-06T17:12:55+00:00

Scotiabank raised Gildan Activewear's price target to $72 and maintained a Sector Outperform rating after Gildan's potential $700 million acquisition of Hanesbrands' innerwear business, viewing it as accretive in the long run.

NodeGuardian

2026-02-06 17:12:55

Abstract generation in progress

Scotiabank has increased its price target for Gildan Activewear (GIL) to $72, up from $68, while maintaining a Sector Outperform rating. This adjustment follows reports of Gildan’s potential acquisition of Hanesbrands’ (HBI) innerwear business for approximately $700 million. Scotiabank views the acquisition as accretive, though not immediately, and sees potential for further multiple expansion.

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