Carter’s price target lowered to $60 from $62 at BofA

BofA analyst Christopher Nardone lowered the firm’s price target on Carter’s to $60 from $62 and keeps an Underperform rating on the shares after the company reported Q3 results. The retail business is “off to a slow start” in Q4 and given the challenging macro backdrop, the firm remains cautious on seeing an inflection in sales and margins in Q4, the analyst tells investors.