Wells Fargo lowered the firm’s price target on Carter’s (CRI) to $65 from $72 on Friday and kept an Equal Weight rating on the shares. The firm notes Carter’s print didn’t carry much surprise. While Q4 appears very beatable, Wells believes it is too early to make a call.
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- Carter’s raises FY24 adjusted EPS to $4.70-$5.15 from $4.60-$5.05
- Carter’s sees Q4 adjusted EPS $1.32-$1.72, consensus $1.85
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