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Goldman Sachs cuts the target price of Carter from $40 to $38
Businessinsider
2h ago
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Goldman Sachs has lowered the target price of Carter from $40 to $38, while maintaining a neutral rating. The bank stated that the company's expense control improved in the third quarter, but the revenue guidance for the fiscal year 2026 is weak, and the decline in retail sales in October has put pressure on the short-term outlook.
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Goldman Sachs has lowered the target price of Carter’s ( CRI ) from $40 to $38, while maintaining a neutral rating on the stock.

In a research report to investors, the analyst stated that the company's third-quarter performance indicated an improvement in cost control, but the revenue guidance for the fiscal year 2026 is also weak, sending mixed signals regarding expectations for the fiscal year 2027.

Analysts added that short-term concerns are warranted, as the turning point of retail sales decline in October put the quarter off to a poor start, especially considering the impact of fluctuations in delivery times on the behavior of real consumers, which creates uncertainty.

This message was originally published on TheFly — a real-time source for突发 financial news that affects the market.

Related Reading

  • Carter's third-quarter performance and brand renewal, in a period of transformation
  • Carter reported an adjusted earnings per share of $1.03 for the third quarter, while market expectations were $0.85.
  • Carter expects earnings per share to range from $1.37 to $1.55 after adjustments in the fourth quarter, while market expectations are at $1.66.
  • Carter expects adjusted earnings per share to range from $3.05 to $3.23 for the fiscal year 2026, while market expectations are at $3.17.
  • Carter Announces a New Senior Management Leadership Structure
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