Kontoor Brands Inc. (KTB) Misses Q2 EPS by 30c

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Kontoor Brands (KTB) PT Raised to $48 at Wells Fargo

August 4, 2022 1:32 PM EDT

Wells Fargo analyst Will Gaertner raised the price target on Kontoor Brands (NYSE: KTB) to $48.00 (from $40.00) while maintaining an Overweight rating following earnings.

The analyst commented, "With the overhang from WMT/TGT's inventory rightsizing, China lockdowns, and inflationary pressures, sentiment heading into... More