Levi Strauss (NYSE:) held its investor day occasion on Wednesday, sustaining its earnings per share steerage of $1.50 to $1.56 for the complete yr.

Following the occasion, Citi analyst Paul Lejuez launched a be aware saying there have been no large surprises, however good progress is forward.

The investor occasion was held in New York Metropolis, that includes shows from members of the corporate’s senior administration, together with CEO Chip Bergh and CFO Harmit Singh.

Lejuez, who has a $27 worth goal on Levi shares, stated the administration had a optimistic tone, and, together with reiterating full-year steerage, the corporate raised its long-term progress outlook.

“We proceed to consider Levi’s is well-positioned within the present surroundings pushed by model energy, it advantages from the pattern towards ‘going out,’ and in addition has a brand new denim cycle to assist drive demand,” the analyst wrote.

In the meantime, Morgan Stanley’s Kimberly Greenberger advised buyers that Levi’s monetary goal constructing blocks are much less clear.

“We just like the DTC combine shift narrative, which ought to drive OM growth over time. However that is predicated on gross sales acceleration above business forecasts, friends, & historic ranges, leaving new monetary goal achievability much less clear. Our mannequin is underneath evaluation,” she said.

The analyst presently has an Obese ranking and a $33 worth goal on Levi’s.