Levi Strauss Poised For Growth With Accelerating Women's Denim Segment And Cost-Saving Initiatives: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Levi Strauss & Co (NYSE:LEVI) is positioned for growth with a focus on women's denim and cost-saving initiatives. Analyst Dana Telsey maintains an Outperform rating with a $26 price target. Despite mixed Q3 results, strong DTC trends and Project Fuel's cost savings are positive indicators.
October 04, 2024 | 5:52 pm
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Levi Strauss is expected to grow due to strong women's denim sales and cost-saving initiatives. Analyst Dana Telsey maintains an Outperform rating with a $26 price target. Despite mixed Q3 results, strong DTC trends and Project Fuel's cost savings are positive indicators.
The analyst's reiteration of an Outperform rating and a stable price target of $26 suggests confidence in Levi's growth prospects. The focus on women's denim and cost-saving initiatives like Project Fuel are expected to enhance profitability. Despite mixed Q3 results, the positive trends in DTC and cost savings are likely to support short-term stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100