Kontoor Brands price target lowered to $65 from $75 at Barclays

Barclays lowered the firm’s price target on Kontoor Brands to $65 from $75 and keeps an Overweight rating on the shares post the Q4 report. U.S. Wholesale drove a revenue miss as channel ordering remains conservative, while proactive inventory actions further hit margin, the analyst tells investors in a research note.