Thursday’s analyst upgrades and downgrades


Key Topics in this News Article:

News Snapshot:

Inside the Market’s roundup of some of today’s key analyst actions While he viewed its weaker-than-anticipated fourth-quarter 2022 financial results as “tepid,” National Bank Financial analyst Vishal Shreedhar saw Gildan Activewear Inc.’s (GIL-T, GIL-N) outlook for fiscal 2023 as “constructive,” leading him to raise his earnings expectations for the next two years. “GIL suggested its new 2023 guidance is conservative,” he said. “Key parameters are: (a) Low-single-digit revenue growth (sales lower by low-single-digits year-over-year in North America, more than offset by slight recovery in International, new retail programs and mix); (b) EBIT margin of 18-20 per cent; (c) Capex at...