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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