Kontoor Brands (NYSE:KTB) Coverage Initiated at Bank of America

Research analysts at Bank of America assumed coverage on shares of Kontoor Brands (NYSE:KTB) in a report released on Thursday, June 6th, MarketBeat Ratings reports. The brokerage set an “underperform” rating and a $24.00 price target on the stock. Bank of America‘s target price indicates a potential downside of 18.17% from the company’s previous close.

A number of other research analysts also recently commented on KTB. Edward Jones assumed coverage on Kontoor Brands in a report on Friday, May 24th. They set a “hold” rating on the stock. Stifel Nicolaus started coverage on Kontoor Brands in a report on Tuesday, May 28th. They set a “buy” rating and a $46.00 target price on the stock. Goldman Sachs Group initiated coverage on Kontoor Brands in a report on Friday, May 17th. They issued a “neutral” rating on the stock. Finally, Cowen initiated coverage on Kontoor Brands in a report on Monday, April 8th. They issued a “neutral” rating and a $7.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $29.58.

Shares of NYSE:KTB traded up $1.31 on Thursday, hitting $29.33. The company had a trading volume of 899,699 shares, compared to its average volume of 2,049,317. Kontoor Brands has a 52-week low of $25.78 and a 52-week high of $41.75.

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Analyst Recommendations for Kontoor Brands (NYSE:KTB)

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