Carter’s price target raised to $78 from $67 at Wedbush

Wedbush analyst Tom Nikic raised the firm’s price target on Carter’s to $78 from $67 and keeps a Neutral rating on the shares. Wedbush remains sidelined on Carter’s shares, with caution heading into the print on February 27, and believes the children’s apparel market was very challenging over the Holiday season, the analyst tells investors in a research note. The firm thinks the market for baby clothes will remain challenging in the near-term.