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Stock Market & Financial Investment News

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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.
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