Stifel's Upgrade of Gildan Activewear Following Impressive Q2 Performance
Friday, 2 August 2024, 13:39
Stifel Upgrades Gildan Activewear
Stifel has upgraded Gildan Activewear to 'Buy' following their impressive Q2 results, which highlighted substantial growth.
Key Highlights
- Strong revenue growth reported in Q2
- Higher profit margins leading to increased profitability
- Analysts express confidence in Gildan's strategic position
This upgrade is a strong indicator of the company's ability to navigate market challenges and capitalize on opportunities, suggesting a bright outlook for Gildan Activewear.
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