Analyst Oliver Chen of TD Cowen maintained a Buy rating on Levi Strauss & Co, with a price target of $22.00.
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Oliver Chen has given his Buy rating due to a combination of factors that highlight Levi Strauss & Co’s strong market position and growth potential. The company’s recent performance has exceeded expectations, with a significant increase in earnings per share and revenue growth that outpaced market predictions. Levi’s has shown robust organic growth across various regions and categories, which supports the positive outlook.
Additionally, the valuation of Levi Strauss & Co remains attractive, with a price-to-earnings ratio that is favorable compared to historical averages. The company’s strong free cash flow and low debt levels further enhance its financial stability. Levi’s strategic focus on direct-to-consumer expansion, coupled with effective inventory management and product innovation, positions it well for continued success. These factors, along with the company’s efforts to improve margins and sustain growth, underpin Oliver Chen’s Buy rating.
In another report released today, UBS also reiterated a Buy rating on the stock with a $20.00 price target.