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Stock Market & Financial Investment News

News Breaks
December 18, 2012
10:47 EDTCRICarter's rises after Citi calls stock a top pick
Children's apparel maker Carter's (CRI) is advancing after Citigroup added the stock to its Top Picks Live List in a note to investors earlier today. Carter's stock has been little changed since April, and it has become the most attractive stock in Citi's coverage universe as a result, analyst Susan Anderson wrote. In addition, the company has several upcoming positive catalysts, including a supply chain restructuring initiative that could increase its margins by 4% over time, Anderson believes. Growth in international and e-commerce sales may also give Carter's a lift, added the analyst, who maintained her Buy rating on the stock. In mid-morning trading, Carter's climbed 85c, or 1.64%, to $52.63.
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August 19, 2014
08:03 EDTCRICarter's has favorable risk/reward, says Goldman
Goldman said cotton prices are at a 5-year low and basic apparel companies Carter's (CRI) which is Buy rated, Gildan (GIL), and HanesBrands (HBI), both Neutral rated, are the most leveraged to the lower prices. The firm believes Carter's offers the best exposure to lower cotton prices and notes leadership in kids apparel and branding offering.

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