Goldman Sachs analyst Brooke Roach reinstated coverage of Kontoor Brands (KTB) with a Buy rating and $85 price target implying 25% upside. The company recently completed the acquisition of the Helly Hansen brand, which diversifies and strengthens Kontoor’s portfolio expansion into global markets and new categories, and provides meaningful accretion opportunity over time, the analyst tells investors in a research note. The firm sees an attractive risk/reward for the shares as a result of “healthy” underlying trends in the base business, “significant growth optionality” as Kontoor integrates the Helly Hansen brand, and the company’s relatively attractive positioning as a result of current tariff policy.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KTB:
- Andrew E. Page Resigns from Kontoor Brands Board
- Kontoor Brands price target raised to $86 from $75 at Barclays
- Kontoor Brands price target raised to $90 from $85 at Wells Fargo
- Kontoor Brands price target raised to $92 from $83 at UBS
- Optimistic Outlook for Kontoor Brands: Buy Rating Backed by Strategic Moves and Financial Projections