Stifel raised the firm’s price target on Kontoor Brands to $80 from $77 and keeps a Buy rating on the shares. Investor meetings spoke to stabilizing fundamentals into the second half of FY24 and margin opportunities into FY25, says the analyst, who remains “comfortable” with the firm’s above-consensus FY25 estimates and has “increasing confidence in execution.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KTB:
- Kontoor Brands CEO: Our company is doing really well
- Kontoor Brands price target raised to $76 from $65 at Barclays
- Kontoor Brands sees Q2 adjusted EPS 85c, consensus $1.04
- Kontoor Brands raises FY24 adjusted EPS view to $4.70-$4.80 from $4.65-$4.75
- Kontoor Brands reports Q1 adjusted EPS $1.16, consensus 90c