Wells Fargo Maintains Overweight on Kontoor Brands, Raises Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on Kontoor Brands (NYSE:KTB) and increased the price target from $56 to $68.
December 22, 2023 | 1:38 pm
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Wells Fargo analyst Ike Boruchow has reaffirmed Kontoor Brands' Overweight rating and raised the price target to $68, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Ike Boruchow suggests a bullish outlook for Kontoor Brands, which could lead to increased investor confidence and a potential short-term rise in the stock price.
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