The Globe and Mail reports in its Friday, Jan. 19, edition that while Gildan Activewear's governance dispute "casts a shadow" over the company, National Bank Financial analyst Vishal Shreedhar thinks "better execution is the likely medium-term outcome." The Globe's David Leeder writes that Mr. Shreedhar is keeping his "outperform" recommendation intact. He cut his share target down to $52 from $53. Analysts on average target the shares at $50.54. Mr. Shreedhar says in a note: "Gildan continues to issue allegations against its former president and CEO. ... This comes amid a call for a special meeting by Browning West, to reinstate [Glen] Chamandy as the CEO and replace eight of the 11 current board members. Specifically, it's alleged that Mr. Chamandy has undisclosed investments with a shareholder who is now supporting his reappointment. Also, an executive of the shareholder purchased a multimillion-dollar property at a private golf resort owned by him. Furthermore, Gildan states that Mr. Chamandy has treated certain shareholders, who are now calling for his reinstatement, preferentially. These comments are in addition to allegations relating to poor work ethic, including limited email and meeting activity."