KTB - What Are Kontoor Brands Growth Catalysts? Analyst Highlights Key Margin Tailwinds and Brand Investments | Benzinga
Goldman Sachs analyst Brooke Roach upgraded the shares of Kontoor Brands Inc (NYSE: KTB) from Neutral to Buy and raised the price target from $51 to $56.
Strong execution and investments in marketing and product have enabled KTB to capture significant market share over the last couple of quarters compared to its competitors, said the analyst.
The analyst expects further share gains looking ahead, with growth supported by product diversification, KTB’s value-based market positioning, and attractive end-market exposure.
While the majority of KTB’s revenues come from the wholesale channel, the analyst notes the company’s relative exposure to mass retail could support ...