Barclays Maintains Overweight on Kontoor Brands, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Paul Kearney has maintained an Overweight rating on Kontoor Brands (NYSE:KTB) and raised the price target from $83 to $100.
November 01, 2024 | 5:42 pm
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Barclays has increased its price target for Kontoor Brands from $83 to $100, maintaining an Overweight rating, indicating confidence in the company's future performance.
The increase in price target from $83 to $100 by Barclays suggests a positive outlook on Kontoor Brands' future performance. The Overweight rating indicates that the analyst expects the stock to outperform its peers. This is likely to have a positive impact on the stock price in the short term as investors may view this as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100