Barclays raised the firm’s price target on Kontoor Brands (KTB) to $94 from $91 and keeps an Overweight rating on the shares post the Q3 report. The company’s organic growth and cost savings should “protect” its earnings next year, while cash flow improvements drive further balance sheet deleverage, the analyst tells investors in a research note.
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:
- 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
- Kontoor Brands sees Q4 adjusted EPS ~$1.64, consensus $1.63