Carter's (CRI) Lowers Quarterly Dividend 68.8% to $0.25; 2.7% Yield
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Avoid this U.S. retail stock as 'story remains challenged': analyst
May 21, 2025 6:30 PM EDTWells Fargo is advising investors to steer clear of a certain U.S. retail stock, reiterating its Underweight rating and $28 price target following the companys decision to slash its quarterly dividend by 70%.
Carter's (NYSE: CRI) is the stock in question.
[We] reiterate UW as CRI's new leadership makes the tough decision to manage their cap structure (cutting dividend 70%),... More
