Levi Strauss price target raised to $26 from $23 at TD Cowen

TD Cowen raised the firm’s price target on Levi Strauss to $26 from $23 and keeps a Buy rating on the shares. The firm sees further upside despite significant outperformance given the company’s number one and growing market share in an attractive denim category growing +MSD%, premiumization driven by global direct-to-consumer expansion and upside to 2024 guidance that Cowen views as conservative.