Levi Strauss initiated with a Buy at Needham

Needham initiated coverage of Levi Strauss (LEVI) with a Buy rating and $28 price target The company is executing on its strategic initiatives while also benefiting from strong denim trends, the analyst tells investors in a research note. The firm sees the trend towards “classic American” brands as a positive for Levi. The company’s “conservative” second half of 2025 outlook creates a “favorable beat-and-raise setup,” Needham contends. It views as a “compelling momentum story.”