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Fly News Breaks for January 25, 2017
CRI
Jan 25, 2017 | 08:30 EDT
Morgan Stanley analyst Jay Sole initiated Carter's with an Overweight and a $103 price target. The analyst said Carter's is the dominates US baby apparel and the analyst is focused on share gains, margin expansion and strong management. Sole sees multiple growth drivers including the recently announced agreement to wholesale directly to Amazon with Amazon fulfillment and sees an untapped international opportunity to drive 40% top line growth through 2020.
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