Carter’s price target raised to $28 from $25 at Wells Fargo

Wells Fargo raised the firm’s price target on Carter’s (CRI) to $28 from $25 and keeps an Underweight rating on the shares. Considering China tariffs being lowered to 30% from 145% and the ramifications this should have on the space, the firm again re-scrubs its models and updates estimates to incorporate all relevant variables at this time.