Barclays initiates coverage of Levi Strauss with an overweight rating and a $24 price target, forecasting nearly 36% upside. The bank highlights growth opportunities for the denim giant, including market share gains, operational improvements, and a strong performance in the women's segment.
Barclays predicts a strong year for Levi Strauss , forecasting a surge in share price to $24 by 2025. The bank initiated coverage of the denim giant with an overweight rating, indicating nearly 36% upside from Tuesday's closing price. Shares jumped over 1% following the upgrade.
Analyst Paul Kearney highlighted opportunities for Levi Strauss, including reclaiming market share in men's bottoms, enhancing operational efficiency, optimizing product offerings, and bolstering the merchandising organization's agility. Kearney also anticipates growth in the women's segment and normalization of wholesale sales in the new year. He believes that accelerating sales will be key to the company's success, outweighing potential margin pressures from inventory, diminishing cost tailwinds, tariffs, and a strengthening U.S. dollar. Barclays' optimism stems from Levi Strauss' consistent sales-to-inventory growth over the past four quarters, a trend expected to continue. While analysts remain divided on the stock, with six out of 13 rating it as a buy or strong buy, Barclays' forecast presents a bullish outlook for Levi Strauss' future performance
Levi Strauss Barclays Stock Forecast Investment Denim Industry
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This $24 Sweater Looks Just Like a Celeb-Loved StyleThe holiday season is here and the weather is getting frightful. Stay warm and chic in this $24 Fair Isle sweater — details
Read more »
Gloria recommends $24 million in city funding for 6 affordable housing projectsCity News Service is one of the largest regional news services in the country, serving the Southern California region.
Read more »
In-person shopping makes comeback amid record-spending holiday seasonTotal holiday spending this year is expected to be at least $24 billion higher than last year, according to the National Retail Federation.
Read more »
I’m Swapping My New Year’s Eve LBD for These 13 Secretly Cozy Finds From $24A shopping editor shares the best comfortable fashion items to wear for New Year’s Eve parties from Amazon, Nordstrom, and J.Crew, including sweater dresses, flats, loungewear, and more from $24.
Read more »
Today’s deals: $769 M2 MacBook Air, $198 Sony XM4 headphones, $24 AirTag, $600 off Narwal Freo X Ultra, moreWednesday's top daily deals include deep discounts on Apple M2 MacBook Air, Sony XM4 noise cancelling headphones, AirTags, and more.
Read more »
Barclays upgrades Robinhood as retail trading activity shows no signs of easingAnalyst Benjamin Budish upgraded the online brokerage to overweight from equal weight.
Read more »