Canadian clothing maker Gildan Activewear Inc forecast first-quarter profit below analysts' estimates, saying its cotton costs would remain high because it bought the raw material before prices declined.
Gildan Activewear logo Gildan Activewear (NYSE:GIL) was upgraded by equities research analysts at DA Davidson from a �neutral� rating to a �buy� rating in a research note issued to investors on Monday, TheFlyOnTheWall.
Gildan Activewear currently has a consensus rating of Buy and a consensus target price of $48.82. Gildan Activewear Inc (NYSE:GIL) is a marketer and vertically-integrated global manufacturer of basic, non-fashion apparel products for customers.
Nov 21 (Reuters) - Gildan Activewear Inc : * Announces record results for fourth quarter of fiscal year and initiates. sales and earnings guidance for fiscal 2014 * Q4 sales rose 11.5 percent to $626.2 million * Q4 adjusted earnings per share $0.83 ...