Kontoor Brands price target raised to $100 from $83 at Barclays

Barclays analyst Paul Kearney raised the firm’s price target on Kontoor Brands (KTB) to $100 from $83 and keeps an Overweight rating on the shares post the Q3 report. Kontoor is “turning the dial on multiple fronts” with organic market share gains, category extensions, and growing distribution; while expanding its industry-leading operating margin with further opportunities over the next two years, the analyst tells investors in a research note.