Kontoor Brands price target lowered to $108 from $112 at UBS

UBS analyst Mauricio Serna lowered the firm’s price target on Kontoor Brands (KTB) to $108 from $112 and keeps a Buy rating on the shares. Underlying demand for Kontoor’s brands remains solid, and UBS is forecasting a 1c EPS beat for Q4, with an outlook for fiscal 2025 in line with its preliminary views, the analyst tells investors in a research note. An in-line with consensus FY25 EPS outlook should meet the market’s “bar” for the event and UBS doubts sentiment around Kontoor Brands changes much due to its Q4 print.