Goldman Sachs Reinstates Kontoor Brands (KTB) at Buy

Goldman Sachs analyst Brooke Roach reinstates coverage on Kontoor Brands (NYSE: KTB) with a Buy rating and a price target of $85.00.

The analyst comments: "We reinstate our rating of KTB at Buy with a 12-month price target of $85 (25% upside). KTB recently completed the acquisition of the Helly Hansen brand, which diversifies and strengthens its portfolio expansion into global markets and new categories (outdoor / active / outerwear), and provides meaningful accretion opportunity over time. We see an attractive risk/reward for KTB as a result of healthy underlying trends in the base business (particularly Wrangler), significant growth optionality as the company integrates the Helly Hansen brand, and KTB's relatively attractive positioning as a result of current tariff policy."

For an analyst ratings summary and ratings history on Kontoor Brands click here. For more ratings news on Kontoor Brands click here.

Shares of Kontoor Brands closed at $68.27 yesterday.

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