Goldman Sachs Maintains Buy on Kontoor Brands, Raises Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach maintains a Buy rating on Kontoor Brands (KTB) and raises the price target from $68 to $77.
May 03, 2024 | 3:58 pm
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Goldman Sachs maintains a Buy rating on Kontoor Brands and increases the price target from $68 to $77.
The upgrade in the price target by a reputable analyst like Goldman Sachs suggests a positive outlook on Kontoor Brands' stock, likely due to strong fundamentals or growth prospects. This endorsement can boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100