Bank of America Securities analyst Christopher Nardone has reiterated their bullish stance on LEVI stock, giving a Buy rating yesterday.
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Christopher Nardone has given his Buy rating due to a combination of factors that suggest Levi Strauss & Co is poised for growth. The company is in the early stages of a positive earnings revision cycle, with expectations for sustainable mid-single-digit sales growth and operating margin expansion over the next few years. Management’s conservative approach to second-half guidance, amid geopolitical and tariff uncertainties, indicates potential upside if the macroeconomic environment remains stable.
Furthermore, Levi’s brand strength is improving through new product offerings and successful marketing strategies, which are resonating well with consumers. The company is also seeing positive momentum in its wholesale segment, with opportunities to expand shelf space and door count in key markets. Management’s focus on driving gross profit growth faster than SG&A expenses, along with strategic initiatives to manage costs and tariffs, supports the company’s financial health and growth prospects.
Nardone covers the Consumer Cyclical sector, focusing on stocks such as Levi Strauss & Co, Boot Barn, and Crocs. According to TipRanks, Nardone has an average return of 16.6% and a 60.92% success rate on recommended stocks.
In another report released yesterday, Telsey Advisory also reiterated a Buy rating on the stock with a $24.00 price target.