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Fly News Breaks for July 13, 2016
CRI
Jul 13, 2016 | 07:49 EDT
As reported previously, Cowen initiated Carter's with a Market Perform. The company's free cash flow trails most of its peers and its valuation seems fair given moderating sales and earnings growth and an increased shift to lower margin retail business, said Cowen, which set a $110 price target on Carter's shares.
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