Levi Strauss price target raised to $25 from $23 at Raymond James

Raymond James raised the firm’s price target on Levi Strauss (LEVI) to $25 from $23 and keeps an Outperform rating on the shares. Levi Strauss management conveyed a positive outlook on sustained brand momentum, with confidence in mid-single-digit growth potential supported by U.S. and international strength, expanding DTC and non-denim categories, improving operating margins toward 15% EBIT, and ongoing share repurchases despite conservative near-term guidance, the analyst tells investors in a research note.