Carter’s price target raised to $26 from $25 at BofA

BofA raised the firm’s price target on Carter’s (CRI) to $26 from $25 and keeps an Underperform rating on the shares following Q3 results. The firm believes returning to earnings growth next year could prove “challenging” under the current tariff environment. BofA told investors that it is lowering its FY25 EPS estimate by 6% to $2.93 due to lower Q4 sales/margins, but increasing its FY26 EPS estimate by 11% to $2.00 to reflect better-than-expected cost savings.