KTB : Rallying as forecast, Q2 target at 21.50

As noted on March 30, we view 21.50 as the Q2 target for KTB, and a close at 19.30 or better this week will give power to a post Songkran rally to 20 or so.

The stock is trading at it best levels this century, and could really fly if the global QE2 rally remains in place, and Bernanke is allowed to spend the full $ 600bn. (about 300 to go…so a move to 24-25 can’t be ruled out if.

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