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Fly News Breaks for April 27, 2018
CRI
Apr 27, 2018 | 08:07 EDT
SunTrust analyst Pamela Quintiliano lowered her price target on Carter's to $111 despite the company's beat on Q1 earnings and revenues, saying she would have preferred a more conservative FY18 guidance along with below-consensus Q2 outlook. The analyst keeps her Hold rating, maintaining her view that Carter's market remains "dislocated" and expecting the stock price to remain rangebound in spite of its low-end relative to historical range valuation multiple.