Market Overview

UPDATE: Miller Tabak Raises PT on Carter's Following Recent Market Rally

Related CRI
Rambus Unit & Fairchild Ink Licensing Deal - Analyst Blog
Kroger Looks Impressive, Hits High - Analyst Blog

In a report published Friday, Miller Tabak analyst Susan R. Sansbury raised the price target on Carter's (NYSE: CRI) from $60.00 to $65.00.

In the report, Sansbury noted, “We are raising our target price to $65 from $60 largely based on the combined effects of the recent market rally and our latest earnings power estimate in a range of $4.70 to north of $5.00 a share should the company achieve its 14-15% margin goal over the next several years. Our target price is based on the lower end of a 12-15 P/E multiple on that earnings power or a 16.6 P/E multiple on our 2014 EPS estimate of $3.90 a share, which is consistent with the mid-point of the historical range.”

Carter's closed on Thursday at $60.69.

Posted-In: Miller TabakAnalyst Color Price Target Analyst Ratings


Most Popular

Related Articles (CRI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free