Wells Fargo Thinks Carter’s’ Stock is Going to Recover


In a report released today, Ike Boruchow from Wells Fargo maintained a Buy rating on Carter’s (CRI), with a price target of $98. The company’s shares opened today at $80.23, close to its 52-week low of $75.66.

According to TipRanks.com, Boruchow is a 1-star analyst with an average return of -2.8% and a 38.0% success rate. Boruchow covers the Services sector, focusing on stocks such as Ralph Lauren Corp, Burlington Stores, and Urban Outfitters.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carter’s with a $104.40 average price target.

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Carter’s’ market cap is currently $3.76B and has a P/E ratio of 13.49. The company has a Price to Book ratio of 4.63.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock.

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Carter’s, Inc. engages in the marketing of apparel for babies and young children. It operates through the following segments: U.S. Retail, U.S. Wholesale, and International. The U.S. retail segment consists of sales of products in retail stores and e-commerce sites. The U.S. Wholesale segment includes sales of its products to wholesale accounts.

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