Zacks Investment Research has recently initiated coverage of Cato Corporation (CATO) with a Neutral recommendation. The report highlights both the strengths and challenges facing the fashion retailer, providing investors with a balanced view of the company's prospects.Cato's first-quarter 2024 earnings highlight a robust financial performance, marked by a 148% surge in net income to $11 million. This significant improvement was driven by effective cost management and operational efficiency. The company's co ...