Levi Strauss initiated with an Overweight at Barclays

Barclays initiated coverage of Levi Strauss (LEVI) with an Overweight rating and $24 price target The analyst believes the company’s organic sales in 2025 should accelerate driven by wholesale normalization, growth in women’s and tops, and newness in denim. Levi’s operational improvements should drive productivity, sales, margin, and return on invested capital, the analyst tells investors in a research note. Barclays says the stock’s valuation is below the peer group and historical average, which presents a “compelling risk/ reward.”