Morgan Stanley lowered the firm’s price target on Levi Strauss (LEVI) to $16 from $17 and keeps an Equal Weight rating on the shares. Despite “another quarter” of strong gross margins and FY25 guidance that “strikes us as achievable to beatable,” the analyst struggles to turn constructive with recent volatility, low line of sight and tariff uncertainty keeping the firm on the sidelines, the analyst tells investors in a post-earnings note.
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Read More on LEVI:
- Levi Strauss & Co. Earnings Call Highlights Growth and Challenges
- Levi Strauss price target lowered to $17 from $22 at TD Cowen
- Levi Strauss & Co: Strong Financial Performance and Strategic Positioning Justify Buy Rating
- Levi Strauss price target lowered to $19 from $23 at Telsey Advisory
- Levi Stock (LEVI) Earns a Buy Rating as JPMorgan Sees Attractive Valuation
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