National Bank cuts target for Gildan Activewear stock to CAD 98.00

Published on 10/20/2026 at 21:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS kept a Buy rating and cut its target to USD 71.00 on October 15, 2026. Gildan Activewear stock costs EUR 36.50 on October 20, 2026.

Analyst target and reporting date

National Bank Financial cut its target from CAD 107.00 to CAD 98.00 on October 19, 2026.
UBS lowered its target from USD 111.00 to USD 71.00 on October 15, 2026.
Gildan Activewear stock costs EUR 36.50 at Lang & Schwarz on October 20, 2026 at 9:48 p.m. CEST.
Gildan is scheduled to report third-quarter results on October 27, 2026.

GIL, CA3759161035, Illustration mit AI erstellt.

Gildan Activewear stock faces a fresh CAD 98.00 target from National Bank Financial after the firm cut its view from CAD 107.00 on October 19, 2026, while maintaining an outperform rating, as MarketBeat reported. Gildan Activewear stock was trading at EUR 36.50 at Lang & Schwarz on October 20, 2026 at 9:48 p.m. CEST.

Targets remain above the stock

The National Bank target implies 70.50 percent upside from the CAD 57.48 Toronto price cited in the October 19 analyst coverage. The target cut still leaves the firm with an outperform view, giving investors a concrete measure of how the rating and valuation differ.

UBS also kept a Buy rating while reducing its target from USD 111.00 to USD 71.00 on October 15, 2026, according to Markets Insider. Against the USD 40.88 NYSE price at that time, the revised target stood 73.68 percent above the stock price.

What comes before results?

Gildan is scheduled to report third-quarter results on October 27, 2026. The Globe and Mail reported that National Bank Financial analyst Vishal Shreedhar projected third-quarter sales of USD 1.626 billion, below the USD 1.636 billion consensus but above USD 1.610 billion a year earlier. He estimated earnings per share of USD 1.59, USD 0.01 below consensus and USD 0.59 above the year-earlier figure.

The same analyst linked the projected earnings growth to higher sales and gross profit from Hanes, a tariff refund, operating leverage and synergy capture, partly offset by higher selling, general and administrative costs, depreciation, amortization, interest expense, taxes and share count. That combination gives the upcoming report two measurable tests: whether sales approach consensus and whether the expected earnings lift survives those offsets.

Stock context

Gildan Activewear is a Montreal-based apparel manufacturer selling activewear, underwear, socks and intimates through wholesale, retail and brand customers. Its primary listing is on the NYSE under GIL, while its Toronto listing provides the Canadian-currency reference used in the National Bank target comparison.

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