US Stock Market Alert: Gildan Activewear plunges on September 24 as target price is lowered, overseas sales decline, and weak US stock performance

Giden Sportswear September 24 Major Drop Analysis

Keywords: Target Price Cut, Overseas Sales Decline, Weakening US Stock Market

1. On September 24, 2026, TD Cowen maintained a Buy rating but lowered the target price from $80 to $54, with reference to a downward adjustment in valuation.

2. On September 23, 2026, the company's share price continued to fall. Reports indicated that international sales declined by about 14%, and growth relies heavily on the launch of new projects, so fundamentals still remain uncertain.

3. On September 24, 2026, at the US market open, the S&P 500 Index fell 0.5% and the Nasdaq 100 Index fell 0.8%. The overall weakness in the equity market dragged down individual stocks.

(Disclaimer: This content is collected and summarized from public information by AI technology and is for reference only. It does not constitute investment advice.)