Kontoor Brands price target raised to $100 from $80 at Guggenheim

Guggenheim raised the firm’s price target on Kontoor Brands (KTB) to $100 from $80 and keeps a Buy rating on the shares. Given improved profitability, continued market share gains, and Spring/Summer ’25 orderbook visibility, the firm increased its FY24 and FY25 EPS estimates to $4.85 and $5.50 from $4.80 and $5.25, respectively, following the Q3 report.