The Globe and Mail reports in its Tuesday, May 5, edition that Bank of Nova Scotia analyst John Zamparo has reaffirmed his "sector outperform" recommendation for Gildan Activewear. The Globe's David Leeder writes that Mr. Zamparo gave his share target a $2 trim to $72 (all figures U.S.). Analysts on average target the shares at $79.86. Mr. Zamparo says in a note: "While we lack conviction on a return to traditional levels of sales growth in the near-term, there's several reasons to remain constructive on the stock. We have confidence in the margin expansion trajectory given cost visibility (especially on energy and cotton) and planned synergy capture; valuation remains undemanding at 13.1 times NTM [next 12-month] EPS; and the prospect of a relatively near-term catalyst exists in the form of the sale of HAA, which can lead to a return of the buyback by H1/27. We also have confidence in 2027 EPS of at least $5.15 (up 22 per cent year-over-year), because if core earnings are reduced from the macro picture, we believe additional synergies upside exists as an offset." The Globe reported on Aug. 1 and Feb. 4 that Mr. Zamparo rated Gildan Activewear "sector outperform." The shares could then be had for $70.55 and $94.30.