The Globe and Mail reports in its Tuesday edition that RBC Dominion Securities analyst Sabahat Khan says investor focus is likely to centre on the weak U.S. retail climate when Gildan Activewear posts first quarter results on May 3. The Globe's David Leeder writes in the Eye On Equities column that Mr. Khan continues to rate the shares "outperform." Mr. Kahn, however, raised his target price to $30 from $29 (all figures U.S.). Analysts on average target the shares at $31.30. He is projecting quarterly earnings per share of 34 cents, a penny below the consensus projection but up six cents year over year. He is expecting revenues of $655-million, up 10 per cent and $9-million below the Street. Mr. Khan says in a note: "Our expectation for year-over-year sales growth is driven largely by contribution from acquisitions completed over the last year: Alstyle Apparel, Peds Legwear, American Apparel. Excluding contribution from these acquisitions, we expect organic sales growth of 2 per cent year over year, driven primarily by growth in the Printwear segment. We expect the year-over-year sales growth, modest gross margin improvement (25 basis points year over year) and a lower share count year over year."