Barclays Upgrades Kontoor Brands to Overweight, Raises Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih has upgraded Kontoor Brands (NYSE:KTB) from Equal-Weight to Overweight and raised the price target from $47 to $59.
November 06, 2023 | 1:03 pm
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Kontoor Brands has been upgraded to Overweight from Equal-Weight by Barclays, with a raised price target of $59, up from $47.
The upgrade from Barclays indicates a positive outlook for Kontoor Brands. The raised price target suggests that the analyst believes the stock has potential for significant growth, which could lead to an increase in the stock's price in the short term.
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