Kontoor Brands, Inc. (KTB) stock plummeted 5.05% in Wednesday's intraday trading session after Barclays lowered its price target on the apparel company.
The investment bank cut its price target on Kontoor from $100 to $93, while maintaining an Overweight rating on the shares. The price target reduction followed Kontoor's fourth-quarter earnings report, which Barclays analysts analyzed.
Despite the lowered price target, Barclays remains optimistic about Kontoor's prospects, citing the company's strong brand portfolio and growth opportunities. However, investors reacted negatively to the news, sending the stock down over 5% in midday trading.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。