The Globe and Mail reports in its Thursday, April 24, edition that Citi analyst Paul Lejuez has reaffirmed his "buy" ranking for Gildan Activewear. The Globe's David Leeder writes in the Eye On Equities column that Mr. Lejuez gave his share target a $2 trim to $60 (all figures U.S.). Analysts on average target the shares at $60.40. Mr. Lejuez says Gildan should do well in the "new tariff world." Mr. Lejuez says in a note: "We believe Gildan is well-positioned as the low-cost provider of printwear/basics, with mostly Honduras based manufacturing operations. Given Asian countries are potentially subject to higher reciprocal tariff rates vs Honduras at 10 per cent, we believe Gildan can capture market share as many customers look to find near-shore production (moving away from China/Asia). We expect management to be constructive about what tariffs mean for business long-term. With shares down 24 per cent from its February high and 8 per cent since 4/2, we believe the market is overlooking Gildan as a winner in the new tariff landscape. We believe the Q1 earnings call provides an opportunity to remind the market of its favourable positioning and resilient model."