Wells Fargo Maintains Equal-Weight on Carter's, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow maintains an Equal-Weight rating on Carter's (NYSE:CRI) but lowers the price target from $72 to $65.
October 28, 2024 | 4:11 pm
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Wells Fargo has maintained its Equal-Weight rating on Carter's but has lowered the price target from $72 to $65, indicating a more cautious outlook.
The lowering of the price target by Wells Fargo suggests a less optimistic view on Carter's future performance, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target reflects potential challenges or lower expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100