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Fly News Breaks for July 28, 2017
CRI
Jul 28, 2017 | 07:44 EDT
Citi analyst Kate McShane moved Carter's (CRI) to her top pick in Apparel/Footwear due to greater confidence in the company's growth trajectory following its "solid" Q2 results. The Amazon (AMZN) business off to a strong start while Carter's is starting to see stabilization of demand from wholesale accounts, McShane tells investors in a research note titled "Don't Feed the Bears: Buying CRI Takes Top Spot on Our Summer Bucket List." She keeps a Buy rating on the shares with a $108 price target.