List of Flash News about retail sector crypto impact
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2025-05-19 12:22 |
Kontoor Brands (KTB) Price Target Raised to $86 by Barclays: Positive Management Outlook Boosts Trading Sentiment
According to Stock Talk (@stocktalkweekly), Barclays has raised its price target for Kontoor Brands ($KTB) from $75 to $86 while maintaining an 'Overweight' rating. The decision follows management meetings that conveyed a positive tone and increased optimism regarding the company's future performance. For traders, this upgrade signals heightened institutional confidence in KTB's growth trajectory, potentially driving higher trading volumes and influencing market sentiment. While Kontoor Brands operates in the apparel sector, strong institutional upgrades like this can indirectly benefit related retail and consumer discretionary crypto tokens, as positive equities momentum often supports broader risk-on sentiment in the crypto market. Source: Stock Talk (@stocktalkweekly), May 19, 2025. |