Barclays lowered the firm’s price target on Kontoor Brands (KTB) to $93 from $100 and keeps an Overweight rating on the shares following the Q4 report. Following last week’s preliminary results, the shares reset post earnings on light earnings guidance coupled with the quantification of a downside scenario on tariffs, the analyst tells investors in a research note.
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Read More on KTB:
- Kontoor Brands: Resilience and Strategic Initiatives Support Buy Rating Amid Challenges
- Kontoor Brands Reports Strong Q4 and 2024 Results
- Kontoor Brands: Hold Rating Amidst Maturity Challenges and Uncertain Growth Prospects
- Kontoor Brands price target lowered to $83 from $93 at Stifel
- Kontoor Brands reports Q4 adjusted EPS $1.38, consensus $1.35
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