Bank of America Securities analyst Christopher Nardone reiterated a Buy rating on Levi Strauss & Co (LEVI – Research Report) today and set a price target of $21.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Christopher Nardone has given his Buy rating due to a combination of factors that suggest Levi Strauss & Co is on a positive trajectory. The company is expected to gain market share, with wholesale operations becoming less of a burden, and the upcoming quarter is seen as pivotal for reinforcing this narrative. Nardone forecasts a slightly higher EPS than consensus, indicating confidence in the company’s revenue growth.
Additionally, Levi Strauss & Co is well-positioned to handle potential tariff impacts due to its international exposure, minimal reliance on China-to-US sourcing, and a diversified supply chain. The brand’s strong equity is also expected to help it manage pricing effectively. Furthermore, there is potential upside in sales growth and wholesale performance, particularly with the women’s business and non-denim assortments showing promise. These factors contribute to an increased price objective and a positive outlook for the company’s earnings trajectory.
In another report released on June 18, Wells Fargo also reiterated a Buy rating on the stock with a $22.00 price target.