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Stock impact report

Carter's stock upgraded on potential same-store sales growth [MarketWatch]

Carter's, Inc. (CRI) 
Last carter's, inc. earnings: 2/24 06:16 am Check Earnings Report
US:NYSE Investor Relations: ir.carters.com/investor-overview
Company Research Source: MarketWatch
Carter's stock upgraded on potential same-store sales growth Carter's Inc. CRI, +3.99% a baby and young children's apparel maker, was upgraded to outperform from market perform at Wells Fargo on potential same-store sales growth. Analysts raised their price target to $145 from $123. Among the factors affecting Wells Fargo's positive view are prospects for improved wholesale performance and a "more rational" kids sector now that all of the 338 planned Gymboree closures have taken place. Key partners like Target Corp. TGT, -0.64% Kohl's Corp. KSS, -1.54% and J.C. Penney Co Inc. JCP, -3.49% have announced positive holiday results, meaning there could be an "inflection on the horizon in 2018," analysts wrote. "This all comes on top of their Amazon AMZN, +0.84% partnership which has begun to ramp (initial shipments began fall '16) and appears to be doing well thus far." Carter's shares are up 1.6% in Thursday premarket trading, and up nearly 38% for the past year. The S&P 50 Show less Read more
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