Guggenheim raised the firm’s price target on Levi Strauss (LEVI) to $22 from $20 and keeps a Buy rating on the shares. After further reflecting on Q4 results, trends in organic growth and management perspective on merchandising opportunities, as well as having attended a showroom tour to explore new product assortment with the company’s Chief Executive Officer, Chief Financial and Growth Officer and Chief Product Officer, the analyst believes in the long-term growth opportunities management is pursuing towards its $10B target.
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