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Fly News Breaks for October 2, 2019
Oct 2, 2019 | 07:44 EDT
As previously reported, DA Davidson analyst John Morris upgraded Carter's to Buy and also raised his price target to $110 from $91. The analyst believes that the company is better positioned to beat on earnings expectations heading into the Fall and Holiday seasons with diminished cost and investment pressures as well as subsiding "sector-wide consolidation turbulence". Morris adds that the the company's market share gain opportunity is supported by the reduced "inventory disruption and pricing chaos" that came in the wake of Toys "R" Us and Gymboree bankruptcies.
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