The Globe and Mail reports in its Tuesday, April 22, edition that National Bank Financial analyst Vishal Shreedhar continues to rate Gildan Activewear "outperform." The Globe's David Leeder writes that Mr. Shreedhar slashed his share target by $11 to $72. Analysts on average target the shares at $87.37. Mr. Shreedhar says in a note: "While we expect Q1/25 to be largely in line with guidance, our channel checks point to ongoing U.S. wholesale industry pressure, in part reflecting macroeconomic volatility/uncertainty. Gildan guides for Q1/25 sales growth of low-single digit and EBIT margin of approximately 18.5 per cent (NBF [estimate] is 18.5 per cent vs. cons. at 18.8 per cent). Our expectation for sales growth primarily reflects the rollout of new programs, partly offset by the cycling of the Under Armour licence expiry. Our expectation for Q1/25 EBIT margin expansion of 50 basis points year-over-year reflects cost/operational improvements (Bangladesh ramp up, yarn modernization, operational optimization in Central America, etc.) and the Barbados tax credit, partly offset by IT investments (improve supply chain and distribution). Given the current uncertain macroeconomic backdrop, we reduced our estimates."