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Fly News Breaks for June 29, 2018
CRI
Jun 29, 2018 | 06:55 EDT
Oppenheimer analyst Anna Andreeva maintained an Outperform rating and $135 price target on Carter's, Inc, telling investors that while the retailer is still one of the few laggards year-to-date in the Specialty Retail space, she thinks Q2 comps have upside. In a research note, Andreeva said she was "tweaking" down Q3, as she says 21% EPS growth per consensus "looks optimistic," and she expects a more Q4-levered 2H18. Valuation at 16-17x is below averages and her universe for a quality name, she contends.
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