Fly News Breaks for April 27, 2015
CRI
Apr 27, 2015 | 08:38 EDT
Stephens said its checks indicate Carter's promotions became "increasingly aggressive" through March and the firm thinks that, coupled with the beneficial Easter shift, helped drive comps higher in the month. The firm also said its channel checks indicated well controlled promos following Easter. Stephens, which expects Carter's Q1 results Wednesday to be in-line with guidance, maintains its Overweight rating and $98 price target on the stock.
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