The Globe and Mail reports in its Wednesday edition that Scotia Capital analyst John Zamparo continues rank Gildan Activewear "sector outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Zamparo gave his share target a $6 boost to $72 (all figures U.S.). Analysts on average target the shares at $83.64. Mr. Zamparo says in a note: "We've revised our estimates on Gildan ahead of FQ4 results to reflect the closing of the HBI deal, which occurred earlier than we had previously expected. We believe some headline Q4 consensus figures do not fully reflect the earlier transaction timing and HBI's one-month contribution. We expect FQ4 result to be noisy given one-time costs and the difference in accounting standards of the two businesses. Our EBIT estimate is 20 per cent above consensus (though in line with recent broker updates), while EPS is 4.5 per cent below. The stock is up 7 per cent since it last reported and 4 per cent year-to-date. Gildan trades at 14.1 times NTM [next 12-month] P/E, compared with its long-term average of 14.7 times. ... We are constructive on Gildan for this year owing to its combination of synergy/deleveraging themes, as well as solid positioning of the apparel space."