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Kontoor Brands price target raised to $118 from $114 at UBS

UBS analyst Mauricio Serna raised the firm’s price target on Kontoor Brands (KTB) to $118 from $114 and keeps a Buy rating on the shares. UBS views Kontoor Brands as a double digit percentage EPS growth compounder and believes this strong growth should catalyze its stock outperformance, the analyst tells investors in a research note.

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