JPMorgan Raises Kontoor Brands Price Objective to $105.00

Kontoor Brands (NYSE:KTB) received an upgrade from JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday.

The brokerage raised its price objective for KTB stock from $90.00 to $105.00, indicating a potential upside of 23.87% from the previous close.

This is not the only positive assessment of the company. Several other analysts have also upgraded or maintained their ratings for Kontoor Brands. BTIG Research reissued a 'buy' rating with a price target of $100.00, while Weiss Ratings upgraded the stock to a 'buy (b-)' rating.