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Analysts Conflicted on These Consumer Cyclical Names: PVH (PVH) and Kontoor Brands (KTB)

Tipranks - Tue Jun 9, 5:00AM CDT

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on PVH (PVH) and Kontoor Brands (KTB).

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PVH (PVH)

Citi analyst Paul Lejuez assigned a Hold rating to PVH on June 5 and set a price target of $78.00. The company’s shares closed last Friday at $77.80.

According to TipRanks.com, Lejuez is a 5-star analyst with an average return of 11.1% and a 58.5% success rate. Lejuez covers the NA sector, focusing on stocks such as National Vision Holdings, Birkenstock Holding plc, and Dick’s Sporting Goods. ;'>

Currently, the analyst consensus on PVH is a Moderate Buy with an average price target of $88.90, representing a 14.9% upside. In a report issued on June 4, Evercore ISI also downgraded the stock to Hold with a $79.00 price target.

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Kontoor Brands (KTB)

In a report released today, Matthew Boss from J.P. Morgan initiated coverage with a Buy rating on Kontoor Brands and a price target of $90.00. The company’s shares closed last Friday at $70.07.

According to TipRanks.com, Boss is a 4-star analyst with an average return of 6.1% and a 51.6% success rate. Boss covers the NA sector, focusing on stocks such as Six Flags Entertainment Corporation, Lucky Strike Entertainment, and Savers Value Village Inc. ;'>

Currently, the analyst consensus on Kontoor Brands is a Moderate Buy with an average price target of $98.17, a 43.3% upside from current levels. In a report issued on June 1, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $84.00 price target.

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