Raymond James Starts Levi Strauss & Co. (LEVI) at Outperform

Raymond James analyst Rick Patel initiates coverage on Levi Strauss & Co. (NYSE: LEVI) with a Outperform rating and a price target of $26.00.

The analyst commented: "We initiate coverage on Levi Strauss & Co. (LEVI) with an Outperform rating and a $26 price target. A storied brand with denim roots, we see LEVI as a mid-single-digits-percent (MSD%) revenue growth story with levers across channels, geographies, customers, and categories. EBIT% margins should also expand and help drive EPS growth of at least high-single-digit percent (HSD%). Our estimates are in line with consensus, but we see upside potential on strong momentum and execution."

For an analyst ratings summary and ratings history on Levi Strauss & Co. click here. For more ratings news on Levi Strauss & Co. click here.

Shares of Levi Strauss & Co. closed at $21.71 yesterday.

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