Investors traded out of the company after an analyst cut his price target aggressively. The damage was limited, however, as Carter's closed the day only 1% lower. Before market open, Ike Boruchow from the prominent U.S. bank Wells Fargo reduced his fair value assessment on Carter's to $30 per share from $42. In doing so, the analyst maintained his equal weight (hold, in other words) recommendation. Image source: Getty Images.
POLARIS INSIGHTS