The Globe and Mail reports in its Friday, Nov. 3, edition that Stifel analyst Martin Landry has reaffirmed his "buy" call for Gildan Activewear. The Globe's David Leeder writes in the Eye On Equities column that Mr. Landry gave his share target a $3 boost to $37 (all figures U.S.). Analysts on average target the shares at $37.87. On Thursday Gildan posted revenue of $870-million for the quarter, up 2 per cent year-over-year, exceeding both Mr. Landry's $833-million estimate and the Street's expectation of $843-million and reversing a negative growth trend of the last three quarters. Earnings per share of 74 cents fell 12 per cent year-over-year but also topped forecasts (71 cents and 72 cents). The Stifel stockpicker says in a note: "Gildan continued to outperform the industry with activewear point-of-sale up mid-single-digits vs the industry down 5-15 per cent in North America. Management discussed the potential for 2024 operating margins to exceed the top-end of its long-term range of 18 to 20 per cent as the company's cost structure improves in 2024. We believe this comment explains in part why Gildan's shares rose 16 per cent on the day as it reassured investors on the company's outlook."