Kontoor Brands price target lowered to $96 from $108 at UBS

UBS lowered the firm’s price target on Kontoor Brands (KTB) to $96 from $108 and keeps a Buy rating on the shares. The firm sees solid long-term growth potential for Kontoor Brands, even after incorporating the impact from tariffs, the analyst tells investors in a research note. The new $96 price target implies 43% upside potential and UBS sees a 3:1 upside/downside skew.