The Globe and Mail reports in its Wednesday, Aug. 6, edition that RBC Dominion Securities analyst Ryland Conrad rates Gildan Activewear "outperform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Conrad set a share target of $61 (all figures U.S.). Analysts on average target the shares at $60.35. Mr. Conrad says in a note: "Management is guiding to mid-single digit revenue growth through 2027, reflecting market share gains (particularly in national accounts) supported by multiple structural drivers including: (i) new program wins against a narrowing competitive landscape (we estimate the exits of Delta and Fruit of the Loom to be a $470-million revenue opportunity); (ii) differentiated product innovation (Soft Cotton, Plasma Print); and (iii) the expansion of Comfort Colors and American Apparel with a long runway for growth in Fashion Basics. Acknowledging the still uncertain macro environment, our forecast sits at the conservative end of management's three-year outlook. That said, we do see potential upside to our estimates with $600-million in excess manufacturing capacity, which if filled would translate to 15-per-cent EPS accretion versus our forecast."