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Barclays Reaffirms Their Buy Rating on Kontoor Brands (KTB)

Tipranks - Tipranks - Thu Mar 5, 3:50AM CST

In a report released today, Adrienne Yih from Barclays maintained a Buy rating on Kontoor Brands, with a price target of $93.00.

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Yih covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Nike, and Tapestry. According to TipRanks, Yih has an average return of 6.0% and a 50.50% success rate on recommended stocks.

In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $100.00 price target.

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Based on Kontoor Brands’ latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $853.22 million and a net profit of $36.94 million. In comparison, last year the company earned a revenue of $670.19 million and had a net profit of $70.55 million

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