Analysts JPMorgan initiated coverage of Kontoor Brands (KTB) with an overweight rating and a target price of $90, indicating upside potential of over 28%
JPMorgan has initiated coverage of Kontoor Brands with an overweight rating and a price target of $90, suggesting a potential upside of over 28% from its recent closing price. This positive outlook is attributed to the company's focused brand strategy and anticipated revenue growth.