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Macquarie cautious on Kontoor Brands

Oct. 22, 2019 9:38 AM ETKontoor Brands, Inc. (KTB) StockKTBBy: Clark Schultz, SA News Editor3 Comments
  • Macquarie starts off coverage on Kontoor Brands (KTB -0.6%) with a Neutral rating.
  • The firm assigns a coolish price target of $35 to Kontoor. Macquarie's caution on KTB stands in contrast to the Outperform rating it slapped on Levi Strauss.
  • Kontoor Brands has drifted in a range of $25.78 to $41.75 since the company spun off from VF Corporation.

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