Goldman Sachs Reiterates Buy on Kontoor Brands, Maintains $95 Price Target After Strong Quarter and Raised 2026 Outlook
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Goldman Sachs analyst Brooke Roach has reiterated a Buy rating on Kontoor Brands, maintaining a $95 price target following the company's strong quarterly performance and raised 2026 outlook. The positive rating is supported by better-than-expected earnings and revenue, particularly from Wrangler and Helly Hansen. Roach believes that the planned sale of the Lee brand and cost-efficiency initiatives will enhance margins. UBS also supports the stock with a Buy rating and a $131 price target.
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