Carter’s price target lowered to $45 from $50 at Citi

Citi lowered the firm’s price target on Carter’s (CRI) to $45 from $50 and keeps a Neutral rating on the shares The company’s Q4 earnings beat was driven by stronger U.S. direct-to-consumer comps and gross margin, but the business remains in a “tough spot, “as evidenced by the “very weak” fiscal 2025 guidance, the analyst tells investors in a research note. Citi remains cautious on the shares despite the significant selloff post earnings.