Stifel raised the firm’s price target on Kontoor Brands (KTB) to $75 from $73 and keeps a Hold rating on the shares. Results show early Helly Hansen revenue progress and continued Wrangler execution, while Lee brand challenges persist, the analyst tells investors in a post-earnings note. The 1% increase to the FY25 EPS guidance is “a relative disappointment to those looking for a strong beat-raise cadence,” the analyst added.
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Read More on KTB:
- Kontoor Brands price target raised to $94 from $91 at Barclays
- Kontoor Brands Reports Strong Q3, Raises Outlook
- Kontoor Brands raises FY25 cash flow from operations view to ~$400M
- Kontoor Brands reports Q3 adjusted EPS $1.44, consensus $1.40
- Kontoor Brands raises FY25 adjusted EPS view to ~$5.50 from ~$5.45