Kontoor Brands price target lowered to $85 from $90 at Wells Fargo

Wells Fargo lowered the firm’s price target on Kontoor Brands (KTB) to $85 from $90 and keeps an Overweight rating on the shares. The firm adjusted ratings in retail cut 2026 earnings estimates well below the Street to reflect current tariff headwinds and assumptions for a mild recession. Both headwinds will begin impacting numbers in the second half of 2025, the analyst tells investors in a research note.