Kontoor Brands price target lowered to $93 from $100 at Barclays

Barclays lowered the firm’s price target on Kontoor Brands (KTB) to $93 from $100 and keeps an Overweight rating on the shares following the Q4 report. Following last week’s preliminary results, the shares reset post earnings on light earnings guidance coupled with the quantification of a downside scenario on tariffs, the analyst tells investors in a research note.