Carter’s price target raised to $66 from $60 at Citi

Citi analyst Paul Lejuez raised the firm’s price target on Carter’s to $66 from $60 and keeps a Sell rating on the shares. The analyst anticipates the company’s Q4 earnings on February 23 will beat consensus based on stronger wholesale sales and stronger gross margin. The firm sees management guiding to an improvement in retail as the year progresses, which it says will likely be viewed skeptically by the market given the significant weakness seen in that channel for the past two years.