Citi raised the firm’s price target on Carter’s (CRI) to $34 from $28 and keeps a Neutral rating on the shares. The company reported a Q3 earnings beat on strong margins while sales missed estimates on weaker U.S. wholesale. Citi believes Carter’s is performing better than expected in a tough environment but sees a balanced risk/reward at current share levels.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRI:
- Carter’s price target raised to $26 from $23 at Barclays
- Carter’s Inc. Faces Risks and Challenges in Restructuring Efforts: Potential Impacts on Profitability
- Carter’s Inc. Reports Q3 2025 Earnings and Strategic Actions
- Carter’s Inc. Earnings Call: Growth Amid Challenges
- Carter’s price target raised to $26 from $25 at BofA