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Stock Market & Financial Investment News

News Breaks
June 20, 2014
08:35 EDTGILGildan Activewear acquisition positive, says DA Davidson
After Gildan (GIL) agreed to buy leading Canadian hosiery provider Doris, DA Davidson thinks that Doris is a strategic fit for Gildan and will create another growth opportunity for the company. The firm expects Gildan to build a larger intimate apparel platform over time. It raised its price target on the shares to $68 from $64 and reiterates a Buy rating.
News For GIL From The Last 14 Days
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December 8, 2014
08:50 EDTGILGildan Activewear announces plan to buy back shares through private agreements
Gildan Activewear announced that it intends to purchase for cancellation up to 1,525,000 of its common shares pursuant to private agreements between Gildan and an arm's-length third-party seller. The purchases will form part of Gildan's normal course issuer bid which provides authorization for the purchase of up to 6.1 million shares announced on December 4, 2014. Such purchases will be made pursuant and subject to the terms of an issuer bid exemption order issued by the Ontario Securities Commission and will take place before December 7, 2015. In accordance with the order, Gildan's purchases under such private agreements will not exceed, in the aggregate, one-third of the maximum number of shares that it may purchase under its recently announced share repurchase program, or 2,033,333 common shares.
December 5, 2014
10:00 EDTGILOn The Fly: Analyst Upgrade Summary
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08:35 EDTGILGildan Activewear upgraded to Strong Buy from Outperform at Raymond James
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08:30 EDTGILGildan Activewear should be bought on weakness, says Stifel
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08:00 EDTGILGildan Activewear price target lowered to $61 from $68 at Canaccord
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07:29 EDTGILGildan Activewear weakness creates buying opportunity, says RBC Capital
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