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Fly News Breaks for April 24, 2019
CRI
Apr 24, 2019 | 05:31 EDT
DA Davidson analyst John Morris last night initiated coverage of Carter's with a Neutral rating and $105 price target. While the company has "stabilized" coming out of Q4, product cost headwinds are hindering its international growth while consolidation in the children's sector is bringing pressure, Morris tells investors in a research note. As such, he sees little upside to earnings in upcoming quarters to warrant a higher valuation multiple.
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