Kontoor Brands price target raised to $100 from $95 at Wells Fargo

Wells Fargo analyst Ike Boruchow raised the firm’s price target on Kontoor Brands (KTB) to $100 from $95 and keeps an Overweight rating on the shares after the company announced they are acquiring Helly Hansen for $900M. Management is bullish on the deal, as is the firm. Wells sees 2026 accretion of about $1.00 with multi-year build to $2.00-plus.