Goldman Sachs Upgrades Kontoor Brands to Buy, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach has upgraded Kontoor Brands (NYSE:KTB) from Neutral to Buy and raised the price target from $51 to $56.
October 19, 2023 | 10:06 am
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Kontoor Brands has been upgraded from Neutral to Buy by Goldman Sachs, with a raised price target from $51 to $56.
The upgrade from Goldman Sachs, a major financial institution, is a positive signal for Kontoor Brands. The raised price target indicates an expectation of stock price increase, which could attract more investors, potentially driving the stock price up in the short term.
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