1125 ET - Canadian apparel maker Gildan Activewear will be able to scale larger than it could have on its own with the acquisition of Hanesbrands, promoting UBS analysts to upgrade the price target to $110 from $80. In a report, analyst Jay Sole says the combination of Gildan's low-cost vertically integrated manufacturing capabilities with Hanesbrands' strong branded presence in the retail channel should drive incremental sales growth and margin expansion. Moreover, Sole says that the business combination drives significant new business wins for over the near-term due to nearshoring as tariffs cause companies to look for new manufacturing partners with a strong presence in lower cost geographies. Shares rise 5%. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
December 16, 2025 11:25 ET (16:25 GMT)
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