FMP

FMP

Enter

Levi Strauss (NYSE:LEVI) shares rose more than 2% pre-market today after TD Cowen analysts raised their price target on the company to $26 from $23, maintaining

Levi Strauss Gains 2% After TD Cowen’s Price Target Raise

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

Levi Strauss (NYSE:LEVI) shares rose more than 2% pre-market today after TD Cowen analysts raised their price target on the company to $26 from $23, maintaining a Buy rating and naming the stock a Best Smidcap Idea.

The analysts see further upside potential for Levi Strauss despite its significant recent outperformance. This optimism is based on three main factors: Levi's leading and growing market share in the denim category, which is experiencing mid-single-digit growth; the premiumization driven by global direct-to-consumer expansion, with plans to increase the number of stores from approximately 1,100 to 1,500 by 2027; and conservative 2024 guidance, which presents potential for upward revisions.

The key risk highlighted is potential pressure in U.S. and Europe wholesale markets. However, the analysts reiterated the Buy rating, reflecting confidence in Levi Strauss's growth prospects.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep