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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.
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August 19, 2014
08:03 EDTGILCarter's has favorable risk/reward, says Goldman
Goldman said cotton prices are at a 5-year low and basic apparel companies Carter's (CRI) which is Buy rated, Gildan (GIL), and HanesBrands (HBI), both Neutral rated, are the most leveraged to the lower prices. The firm believes Carter's offers the best exposure to lower cotton prices and notes leadership in kids apparel and branding offering.

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