Carter's (CRI) Shares Fall as BB&T Cuts to Hold Following Earnings

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April 28, 2011 12:55 PM EDT
Get Alerts CRI Hot Sheet
Price: $38.72 -1.1%

Rating Summary:
    9 Buy, 11 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Shares of Carter's (NYSE: CRI) dipped sharply in mid-day trade on a spike in volume following an intraday downgrade from an analyst at BB&T Capital.

The stock was trading down about 2.9 percent prior to the downgrade, however shares are now down around 4.6 percent from Wednesday's closing price.

BB&T lowered its investment rating on Carter's shares from Buy to Hold and also suspended its $32 price target.

Traders in Carter's are responding to Q1 results and guidance from the company earlier.

For more ratings news on Carters click here and for the rating history of Carters click here.

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