The Globe and Mail reports in its Thursday, April 17, edition that Stifel analyst Martin Landry is keeping his "buy" call on Groupe Dynamite intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Landry's share target fell to $26 from $29.50. Analysts on average target the shares at $21.30. Mr. Landry says in a note: "The company is advancing its plan to open a distribution centre in the U.S. ... The new DC, expected to go live in summer 2025, would serve most of Groupe Dynamite's U.S. operations and add redundancy to its current single DC in Montreal. Additionally, the new DC would lower shipment costs and provide fiscal efficiency by importing directly to the United States rather than through Canada. We estimate the new DC could increase EBITDA by $3-million to $5-million. Groupe Dynamite is navigating tariff uncertainty by leveraging its short lead time and shifting sourcing from China to Bangladesh, Cambodia and Vietnam. Management believes persistent tariffs to have an inflationary impact on the apparel sector regardless of sourcing locations. In this scenario, management is confident in its pricing power due to a history of successfully increasing prices at twice the rate of inflation."