The Globe and Mail reports in its Wednesday, Sept. 2, edition that TD Cowen analyst Brian Morrison has reaffirmed his "buy" recommendation and $85 share target for Groupe Dynamite. The Globe's David Leeder writes that analysts on average target the shares at $89.23. Mr. Morrison believes that brand heat, store optimization, pricing power, e-commerce initiatives, operating leverage and the open-to-buy strategy will drive strong growth for Groupe Dynamite ahead of its second quarter results on Sept. 10. Mr. Morrison says in a note: "This is generating strong FCF, currently being allocated toward an active NCIB. With an EPS growth outlook of 20 per cent, a premium to its peers, we view its current valuation discount as punitive. ... Groupe Dynamite's underlying growth drivers appear to remain intact and supportive of its F2026 guidance. Despite lapping increasingly difficult comps, key drivers remain supportive of 20-per-cent year-over-year EPS growth. At 20 times/16.9 times our F2026/F2027 EPS forecasts, and effectively one times turn lower when accounting for our forecast F2027 net cash position, we view this discount to high-growth apparel peers at 31.2 times/27.2 times as excessive given the company's growth outlook."