Wells Fargo Maintains Overweight on Kontoor Brands, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on Kontoor Brands (NYSE:KTB) and raised the price target from $80 to $90.
October 23, 2024 | 2:03 pm
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Wells Fargo has reaffirmed its positive outlook on Kontoor Brands by maintaining an Overweight rating and increasing the price target from $80 to $90, indicating confidence in the company's future performance.
The increase in the price target from $80 to $90 by a reputable analyst suggests a positive outlook for Kontoor Brands, likely leading to increased investor interest and potential upward movement in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100