tiprankstipranks
Kontoor Brands price target raised to $100 from $80 at Guggenheim
The Fly

Kontoor Brands price target raised to $100 from $80 at Guggenheim

Guggenheim raised the firm’s price target on Kontoor Brands (KTB) to $100 from $80 and keeps a Buy rating on the shares. Given improved profitability, continued market share gains, and Spring/Summer ’25 orderbook visibility, the firm increased its FY24 and FY25 EPS estimates to $4.85 and $5.50 from $4.80 and $5.25, respectively, following the Q3 report.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App