Morgan Stanley lowered the firm’s price target on Levi Strauss (LEVI) to $17 from $18 and keeps an Equal Weight rating on the shares. “Strong” Q4 sales and margin trends were overshadowed by limited profitability flow-through and “disappointing” initial FY25 guidance, says the analyst, who thinks the stock price and multiple will remain constrained until line of sight into sales growth emerges.
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