Goldman Sachs Maintains Buy on Kontoor Brands, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach has reaffirmed a Buy rating on Kontoor Brands (NYSE:KTB) and increased the price target from $60 to $70.
December 14, 2023 | 2:20 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on Kontoor Brands and raises the price target from $60 to $70, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Goldman Sachs typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100