Carter's rises after Citi calls stock a top pick

theflyonthewall.com

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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