Goldman Sachs analysts added Kontoor Brands (KTB) to the firm’s US Conviction List as part of its monthly update. Goldman has a Buy rating on the shares with a $85 price target The company’s recently completed acquisition of ski and sail-wear brand, Helly Hansen, strengthens and diversifies its existing portfolio, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KTB:
- McDonald’s downgraded on GLP-1 drug worries: Wall Street’s top analyst calls
- Kontoor Brands reinstated with a Buy at Goldman Sachs
- Andrew E. Page Resigns from Kontoor Brands Board
- Kontoor Brands price target raised to $86 from $75 at Barclays
- Kontoor Brands price target raised to $90 from $85 at Wells Fargo
