03:19 PM EDT, 03/19/2025 (MT Newswires) -- Gildan Activewear ( GIL ) is no longer a National Bank Top Pick.

Analyst Vishal Shreedhar believes that the company has solid longer-term growth prospects; "however, given strong share price performance, and increasing economic uncertainty, we are removing Gildan from our Top Pick."

Shreedhar highlights that Gildan's shares have delivered a strong return of ~88% since 2023, above the TSX 60 Index of ~34% over the same period. Similarly, it has returned ~48% over the last 12 months, versus the TSX 60 Index at ~16%.

Maintain Outperform rating; price target unchanged at $83.

Price: 66.96, Change: +0.66, Percent Change: +1.00