BofA analyst Christopher Nardone lowered the firm’s price target on Carter’s (CRI) to $30 from $41 and keeps an Underperform rating on the shares as the firm contends the Q1 beat is overshadowed by looming tariffs. The firm is lowering its FY25 and FY26 EPS estimates by 8% and 20% to $3.42 and $3.00, respectively, to reflect tariff induced margin headwinds.
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