2020-10-29 06:54:12 KTB Kontoor Brands
10/29/20 10/2906:54 10/29/2006:54 | Kontoor Brands sees Q4 revenue 'flat to down modestly' vs. Q3, consensus $635.1MRevenue in the fourth quarter of 2020 is expected to show continued sequential improvement from third quarter 2020 results, with revenue anticipated to be flat to down modestly. Adjusted gross margin in the fourth quarter of 2020 is anticipated to be above the 40.9 percent achieved in the prior year, reflecting continued benefits from ongoing restructuring and quality-of-sales initiatives, as well as higher anticipated growth in more accretive channels such as Digital and improving mix within international. Fourth quarter adjusted SG&A is expected to increase year-over-year, driven by strategic decisions to amplify investments in demand creation and DTC in support of both the fourth quarter and long-term revenue. |
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Klepierre downgraded to Underperform from Neutral at BofA »
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Great Portland Estates upgraded to Neutral from Underperform at BofA »
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Shurgard Self Storage upgraded to Buy from Neutral at BofA »
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Gecina upgraded to Buy from Neutral at BofA »
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Land Securities Group upgraded to Buy from Neutral at BofA »
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Hammerson upgraded to Buy from Neutral at BofA »
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Merlin Properties upgraded to Buy from Underperform at BofA »
09:40 01/18/21 01/1809:40 01/18/2109:40
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Hiscox upgraded to Hold from Reduce at HSBC »
09:39 01/18/21 01/1809:39 01/18/2109:39
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SAS AB downgraded to Hold from Buy at HSBC »
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Aena downgraded to Reduce from Hold at HSBC »
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Symrise downgraded to Underweight from Equal Weight at Morgan Stanley »
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Dada Nexus initiated with an Outperform at CICC »
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Fresnillo upgraded to Buy from Add at Peel Hunt »
09:37 01/18/21 01/1809:37 01/18/2109:37
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Pure Gold Mining upgraded to Buy from Add at Peel Hunt »
09:36 01/18/21 01/1809:36 01/18/2109:36
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Antofagasta downgraded to Reduce from Hold at Peel Hunt »
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KAZ Minerals downgraded to Hold from Buy at Peel Hunt »
09:35 01/18/21 01/1809:35 01/18/2109:35
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Symrise downgraded to Sell from Buy at Societe Generale »
09:34 01/18/21 01/1809:34 01/18/2109:34
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NatWest Group upgraded to Buy from Hold at Societe Generale »
09:33 01/18/21 01/1809:33 01/18/2109:33
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Dixons Carphone upgraded to Outperform from Sector Perform at RBC Capital »
09:33 01/18/21 01/1809:33 01/18/2109:33
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RBC Capital analyst… RBC Capital analyst Richard Chamberlain upgraded Dixons Carphone to Outperform from Sector Perform with a price target of 150 GBp, up from 135 GBp. The analyst believes is well positioned to benefit from growth in household electricals and that the company's Nordic business is undervalued by the market. ShowHide Related Items >><<
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Solvay upgraded to Buy from Hold at Stifel »
09:31 01/18/21 01/1809:31 01/18/2109:31
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Voestalpine upgraded to Neutral from Underperform at Credit Suisse »
09:31 01/18/21 01/1809:31 01/18/2109:31
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Credit Suisse analyst… Credit Suisse analyst Carsten Riek upgraded Voestalpine to Neutral from Underperform with a EUR 29 price target. ShowHide Related Items >><<
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SSAB AB upgraded to Outperform from Neutral at Credit Suisse »
09:30 01/18/21 01/1809:30 01/18/2109:30
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Credit Suisse analyst… Credit Suisse analyst Carsten Riek upgraded SSAB AB to Outperform from Neutral with a SEK 33 price target. ShowHide Related Items >><<
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Tower Semiconductor upgraded to Outperform from Neutral at Credit Suisse »
09:29 01/18/21 01/1809:29 01/18/2109:29
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ArcelorMittal downgraded to Neutral from Outperform at Credit Suisse »
09:28 01/18/21 01/1809:28 01/18/2109:28
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