Wedbush Maintains Neutral Rating for Carter's: Here's What You Need To Know

Wedbush has decided to maintain its Neutral rating of Carter's CRI and raise its price target from $67.00 to $78.00.

Shares of Carter's are trading up 0.0% over the last 24 hours, at $82.74 per share.

A move to $78.00 would account for a 5.73% decline from the current share price.

About Carter's

Carter's Inc makes apparel for babies and children under brand names including Carter's and OshKosh B'gosh. It sells its products through a multi-channel business model, which includes retail stores, eCommerce, and wholesale sales channels, as well as retail omnichannel capabilities in the United States and Canada, which enables it to reach a broad range of consumers around the world. The company operates in three segments; U.S. Retail, U.S. Wholesale, and International. The majority of Carter's sales are in the U.S. and through Carter's brand. The company predominantly sources products through contract manufacturers in Asia. It has multiple distribution centers in the U.S., in addition to distribution centers in Canada and Asia that serve international customers.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.