The Globe and Mail reports in its Wednesday, Oct. 18, edition that National Bank analyst Vishal Shreedhar has reaffirmed his "outperform" recommendation for Gildan Activewear. The Globe's David Leeder writes that Mr. Shreedhar gave his share target a $2 boost to $48. Analysts on average target the shares at $49.29. The Globe says Mr. Shreedhar sees a "stable U.S. wholesale backdrop" for Gildan. Mr. Shreedhar tweaked his share target ahead of Gildan's Nov. 2 release of third quarter financial results. Mr. Shreedhar says in a note: "The outlook is uncertain; however, we believe that Gildan's share price already reflects this. Our review suggests that Gildan will grow EPS year-over-year in 2024 given continuation of new programs won in 2023 (approximately $60-million to sales), lower commodity costs (25 cents to EPS), possible new retail wins in 2024, efficiency initiatives and ongoing share repurchases (14 cents to EPS). Possible offsets include tepid market conditions, possible price reductions and possible introduction of higher taxes (we now model 15-per-cent tax rate in 2024; 30 cents to EPS)." The Globe reported on Oct. 18, 2022, Mr. Shreedhar rated Gildan "outperform." It was then worth $42.81.