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Fly News Breaks for January 23, 2020
LEVI
Jan 23, 2020 | 09:27 EDT
Guggenheim analyst Robert Drbul said he believes U.S. wholesale growth rates for Levi Strauss (LEVI) have an opportunity to meaningfully improve in the second quarter of 2020 and he believes Levi's multiple can move back up as its U.S. wholesale business stabilizes. He notes that the company faces easier comparisons than it did in 2019 and he believes expanded distribution with traffic-driving retailers like Target (TGT) and more premium retailers such as Nordstrom (JWN) should be a tailwind, while Levi Strauss should also face less of a headwind from challenged partners such as J.C. Penney (JCP) and Sears. Drbul keeps a Buy rating and $26 price target on the stock.
News For LEVI From the Last 2 Days
LEVI
Mar 28, 2024 | 13:24 EDT
Meeting to be held in New York on April 4 hosted by Telsey Advisory.
LEVI
Mar 27, 2024 | 09:25 EDT
Telsey Advisory analyst Dana Telsey raised the firm's price target on Levi Strauss to $22 from $18 and keeps an Outperform rating on the shares. Last quarter was a "mixed bag," though all three regions returned to growth for the first time since Q2 of 2022 and continued strength in DTC offset continued softness in wholesale, the analyst tells investors. While FY24 guidance appears conservative on both top and bottom lines, Telsey believes this is a prudent approach as new CEO Michelle Gass takes the helm. Telsey continues to believe Levi is well positioned with a strong and growing DTC business.