Goldman Sachs Maintains Buy on Kontoor Brands, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach maintains a Buy rating on Kontoor Brands (KTB) and raises the price target from $56 to $64.
February 29, 2024 | 3:02 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on Kontoor Brands and increases the price target from $56 to $64.
The upgrade in the price target by a reputable analyst like Goldman Sachs typically signals a strong confidence in the company's future performance. This can lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100