Needham holds Carter’s stock rating, lowers estimates on demand
Needham maintained a Hold rating on Carter's (NYSE:CRI) but lowered its earnings estimates for fiscal 2026 and 2027, citing demand challenges, inflation, and weather. The firm reduced Q3 2026 EPS estimate to $0.80 from $0.85. Carter's trades at a P/E of 6.08, with analysts divided on its outlook. UBS lowered its price target to $38, while BMO initiated coverage with a $40 target and an Outperform rating.




