Kontoor Brands (KTB) Shares Soar 13.90% Amid Analyst Support

Kontoor Brands (KTB) shares surged by 13.90%, marking a significant rebound from its lowest level since November 2023, which saw an intraday decline of 4.25%.

Barclays recently adjusted its price target for Kontoor Brands shares, lowering it from $100.00 to $93.00 while maintaining an "overweight" rating. This revision by a prominent financial institution could have contributed to the stock's recent volatility.

Despite the price target adjustment, Kontoor Brands continues to receive strong analyst support. As of April 8, 2025, the company has been approved by top-rated analysts, earning a "Strong Buy" rating. This positive sentiment from analysts may have helped to mitigate the impact of the price target reduction and contributed to the stock's recent surge.