Barclays Maintains Overweight on Kontoor Brands, Raises Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Paul Kearney maintains an Overweight rating on Kontoor Brands (KTB) and raises the price target from $65 to $76.

May 03, 2024 | 2:32 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Barclays raises Kontoor Brands' price target to $76, maintaining an Overweight rating.
An increase in the price target by a major financial institution like Barclays, coupled with a maintained Overweight rating, signals a strong vote of confidence in Kontoor Brands' future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in KTB's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100