BUZZ-Barclays initiates coverage on Levi Strauss with 'overweight' rating
ReutersJan 8, 2025 12:27 PM
Barclays initiates coverage on denim maker Levi Strauss LEVI.N with "overweight" rating
Brokerage expects organic sales of LEVI to accelerate in 2025, driven by wholesale demand, growth in women's clothing and tops and newness in denim
LEVI's operational improvements will drive productivity and sales, says Barclays, as it sets PT of $24, which implies ~35.8% upside on stock's last close
Seven of 14 brokerages rate the stock "buy" or higher, 7 "hold"; median PT is $22.5 - data compiled by LSEG
Stock rose ~4.59% in 2024
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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