The Globe and Mail reports in its Thursday, May 1, edition that Desjardins Securities analyst Chris Li has reaffirmed his "buy" recommendation for Gildan Activewear. The Globe's David Leeder writes in the Eye On Equities column that Mr. Li gave his share target a $7 trim to $80. Analysts on average target the shares at $83.01. Mr. Li says in a note: "Gildan Activewear's results were solid, highlighted by continuing strength in Activewear sales (9 per cent year-over-year vs our [estimate of] 5 per cent) due to favourable product mix (fleece and ring spun), market share gains (competitor exits) and product innovation. Sales improved through the quarter with momentum continuing Q2 to date. Gildan expects a mid-single-digit sales increase in Q2 (in line with Q1 excluding UA phase-out). "GIL reaffirmed its 2025 guidance, which reflects the 10-per-cent 'reciprocal' tariff and slowing industry demand. Since Gildan has significant U.S. cotton and yarn content in its products (cotton alone is 25 per cent of cost), which is not impacted by tariffs, it expects the actual tariff to be meaningfully less than 10 per cent. Other mitigating factors include leveraging its global, vertically integrated and low-cost advantage and pricing."