J.P. Morgan's Update on Kids' Space

J.P. Morgan published its research report today on Carter's Inc. CRI and The Children's Place Retail Stores PLCE. J.P. Morgan notes that, "CRI's competitive position is as strong as ever, with spring bookings up midteens at Carter's wholesale, up low double digits at OshKosh wholesale (for the first time since the acquisition) and with positive comps in a tough environment." After previewing the OshKosh spring collection J.P. Morgan feels that their is a "big improvement" in the product over prior years. CRI has an Overweight rating with a price target of $32.00 CRI closed Friday at $28.97. J.P. Morgan has lowered their EPS estimates for PLCE. Their 2011 estimate of $3.10 is $0.30 lower than the consensus estimates. PLCE maintains an Overweight rating and last traded at $47.24.