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UBS Sticks to Its Hold Rating for Carter’s (CRI)
UBS analyst Jay Sole maintained a Hold rating on Carter’s today and set a price target of $41.00.
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Sole covers the Consumer Cyclical sector, focusing on stocks such as Nike, Macy’s, and Ross Stores. According to TipRanks, Sole has an average return of 5.6% and a 51.42% success rate on recommended stocks.
In a report released yesterday, Wells Fargo also upgraded the stock to a Hold with a $42.00 price target.
Based on Carter’s’ latest earnings release for the quarter ending April 4, the company reported a quarterly revenue of $681.11 million and a net profit of $14.34 million. In comparison, last year the company earned a revenue of $629.83 million and had a net profit of $15.54 million
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