Gildan Activewear stock price target cut to $64 by BMO on demand concerns
BMO Capital reduced its price target for Gildan Activewear (GIL) to $64 from $82, citing weaker consumer demand due to inflation and higher interest rates. The stock is down 34% year-to-date. Gildan reported Q2 2026 adjusted earnings of $1.28 per share, beating estimates, but revenue missed expectations at $1.58 billion. The company also lowered its sales guidance.
How this was made
The 30-second read
Why it matters
Analyst target revisions highlight valuation uncertainty ahead of the upcoming earnings report.
Market read
Target revisions may move GIL shares ahead of its Q3 earnings, influencing apparel sector sentiment.
What to watch
The price target cut precedes the Q3 earnings release, which may still surprise to the upside.
Background
BMO and Scotiabank issued divergent price target updates for Gildan Activewear amid mixed Q2 results and macro concerns.
Ticker impact
BMO cut Gildan Activewear's price target to $64 from $82, citing weaker macro demand ahead of Q3 results.
likely downward pressure as investors price in weaker demand outlook
Target cut reflects macro headwinds and may trigger sell‑offs before the upcoming earnings release.
Market effects
Consumer apparel sector may face broader demand concerns, pressuring peers.
North American apparel retailers could see similar valuation pressure.
Limited to apparel and consumer discretionary segments.
Counterpoint
Despite the target cut, the recent earnings beat and synergy gains could support a rebound.
Key entities
- companyGildan Activewear Inc.
Apparel manufacturer listed on NYSE under ticker GIL.
- analystBMO Capital Markets
Reduced price target to $64.
- analystScotiabank
Raised price target to $67.
