Stock Track | Carter's Soars 5.34% Intraday After Monness Crespi Upgrades to Buy, Cites Turnaround Masked by Tariffs

Stock Track

03/02

Carter's (CRI) stock soared 5.34% intraday on Monday, following a significant analyst upgrade that boosted investor confidence in the children's apparel retailer.

The surge comes after Monness Crespi upgraded Carter's from Neutral to Buy with a $45 price target, with the firm indicating that tariffs are "masking" the company's underlying turnaround story.

The upgrade suggests that despite external headwinds from tariffs, Carter's business fundamentals are improving, prompting the analyst firm to take a more bullish stance on the stock's prospects.

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