Goldman Sachs upgraded Carter’s (CRI) to Neutral from Sell with a price target of $38, up from $29. The firm see a “meaningful opportunity” for Carter’s to drive sales growth through share gains among households earning between $50,000-$200,000 annually. The company’s digital marketing spend by platform is identifying opportunities to increase and more efficiently deploy ad spend to in pursuit of younger and higher-income consumers, the analyst tells investors in a research note.
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