Kontoor Brands KTB shares are trading higher on Wednesday after Barclays upgraded the stock from Equal-Weight to Overweight and announced a price target of $32 per share.
Kontoor Brands is a lifestyle apparel company. It is engaged in designing, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including Wrangler and Lee. It manufactures its products in owned and leased facilities, and distribute the products through both brick and mortar and e-commerce retailers.
Kontoor Brands shares traded up 7.18% to $27.01 on Wednesday. The stock has a 52-week high of $43.24 and a 52-week low of $12.90.
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