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Fly News Breaks for November 2, 2018
CRI
Nov 2, 2018 | 08:13 EDT
As previously reported, Macquarie downgraded Carter's to Neutral from Outperform with a $100 price target. Analyst Laurent Vasilescu said international revenue growth is taking longer than expected and may still be a few years out. The analyst said China remains a big opportunity for Carter's, but it will take some time for the company to right-shift the business and is concerned gross margins will be pressured for the next few quarters. .
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