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Benzinga
Benzinga
Business
Priya Nigam

Why BofA Downgrades Carter's Ahead Of Q1 Print

Carter Christopher Nardone BofA Securities Environment

Carter's, Inc. (NYSE:CRI) faces a risk to margins as the promotional environment normalizes, according to Bofa Securities.

The Carter's Analyst: Christopher Nardone downgraded the rating for Carter's from Buy to Underperform, while reducing the price target from $120 to $82.

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