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Gildan Activewear, Inc. (GIL) [hlAlert]

Rating:
Neutral GIL

Gildan Activewear, Inc. (GIL) rated Neutral by Citigroup

Posted on: Friday,  May 3, 2013  8:25 AM ET by Citigroup

Gildan Activewear, Inc.
(NYSE: GIL) rated Neutral by Citigroup.

Gildan Activewear Inc. (Gildan) is a marketer and manufacturer of activewear, socks and underwear. The Company is a supplier of activewear for the screenprint channel in the United States and Canada, and also a supplier for this market in Europe. The Company also sell socks and underwear, in addition to the activewear products, to mass-market and regional retailers in North America. In October 2007, the Company completed the acquisition of V.I. Prewett & Son, Inc. (Prewett). Prewett is also a manufacturer of basic family socks and supplies United States mass-market retailers.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/3/2013 8:25 AM Hold
None
20.95
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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