Kontoor Brands price target raised to $75 from $69 at Barclays

Barclays raised the firm’s price target on Kontoor Brands (KTB) to $75 from $69 and keeps an Overweight rating on the shares. The company’s Q1 results came in a bit above expectations driven by gross margin, and the outlook includes the addition of Helly Hansen, the analyst tells investors in a research note.