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Fly News Breaks for February 24, 2020
LEVI
Feb 24, 2020 | 06:37 EDT
UBS analyst Jay Sole initiated coverage of Levi Strauss with a Buy rating and $29 price target. The analyst believes that the company could see a long-term multiple re-rating amid the transformation into a "global, direct-to-consumer lifestyle brand", even though the market is worried about the stock being tethered to the challenges of U.S. department stores . Sole adds that Levi Strauss may have potential to generate double-digit earnings growth for many years.
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