Kontoor Brands (NYSE:KTB) Lifted to “Buy” at UBS Group

KTB has been the subject of a number of other research reports. Guggenheim raised their price objective on Kontoor Brands from $40.00 to $46.00 and gave the stock a buy rating in a research report on Wednesday, December 30th. The Goldman Sachs Group downgraded Kontoor Brands from a buy rating to a neutral rating and raised their target price for the stock from $38.00 to $42.00 in a research report on Thursday, December 10th. Finally, Zacks Investment Research upgraded Kontoor Brands from a hold rating to a buy rating and set a $53.00 target price for the company in a research report on Wednesday, March 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $35.33.