The Globe and Mail reports in its Wednesday, Aug. 30, edition that Stifel analyst Martin Landry is sticking with his "buy" recommendation for Gildan Activewear. The Globe's David Leeder writes in the Eye On Equities column that Mr. Landry edged his share target ahead by $2 (U.S.) to $37 (U.S.). Analysts on average target the shares at $36.92. Mr. Landry says in a note: "Starting in 2023, Gildan's ESG targets will be taking into account when assessing the annual short-term incentive plan for all senior executives, sending a strong message to Gildan's stakeholders. We believe that Gildan does not get the credit it deserves for being an ESG leader. With its vertical integration and strong ESG practices, Gildan provides its B2B customers with peace of mind. ... Valuation provides a good margin of safety. Gildan's valuation is 25 per cent lower than its 10-year historical average and near a 10-year low. This depressed valuation provides investors with a margin of safety under a scenario in which consensus estimates are too high. Gildan's end markets are cyclical and sales could decline by 10 to 20 per cent if economic conditions worsen. However, we do not model such a scenario at this point."