Kontoor Brands price target lowered to $72 from $83 at Stifel

Stifel lowered the firm’s price target on Kontoor Brands (KTB) to $72 from $83 and keeps a Hold rating on the shares. The firm cut target prices “across the board” by an average of 18% across the analyst’s sports and lifestyle brands coverage to reflect the likelihood of tariff implementation and resulting influence on calendar year 2026 earnings power. The firm’s revised valuations considers a 10% blanket tariff rate, with 60% for goods sourced from China, the analyst tells investors.