RBC Capital Cuts Gildan Activewear Price Target to $50 From $70
RBC Capital cut its price target on Gildan Activewear shares to $50 from $70 while keeping an Outperform rating, according to Dow Jones Newswires.
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what happened
Dow Jones Newswires reports that RBC Capital lowered its price target on Gildan Activewear shares to $50 per share from $70. Benzinga's ratings feed, cited in the same report, says RBC Capital maintained the stock at Outperform. The update is timed at 18:37 GMT.
why it matters
A cut to an analyst's price target is a routine event for a single stock. It reflects the analyst's revised valuation rather than a broad shift in the market. The sources also state the Outperform rating was maintained, so the two signals should be read together.
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sources
- Gildan Activewear Price Target Cut to $50.00/Share From $70.00 by RBC Capital — Dow Jones Newswires, 6 November 2026 at 18:37 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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