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Fly News Breaks for November 12, 2019
KTB
Nov 12, 2019 | 17:28 EDT
Barclays analyst Adrienne Yih initiated coverage of Kontoor Brands with an Equal Weight rating and $35 price target. The analyst notes that while the company faces excess inventory in the U.S. market apparel channel and denim fashion cycle risk, the negatives are offset by its international growth potential, minimal exposure to China product sourcing, and strong cash flow generation.
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