Reported about 19 hours ago
Jim Cramer discusses Kontoor Brands, Inc. (KTB) as it faces challenges in the retail sector but sees a bright spot following its acquisition of Helly Hansen, a popular outdoor apparel brand. Despite a 15% drop in stock value this year, Cramer is optimistic about the merger's impact, noting strong consumer interest in Helly Hansen's products. He emphasizes that Goldman Sachs has recognized this potential, making KTB a stock to watch.
Source: YAHOO