Levi Strauss price target lowered to $17 from $21 at BofA

BofA lowered the firm’s price target on Levi Strauss (LEVI) to $17 from $21 and keeps a Neutral rating on the shares. Margin uncertainty from tariffs clouds the better-than-expected Q1 report, the analyst tells investors. Following the quarterly earnings, the firm is maintaining its FY25 EPS estimate of $1.25 as the Q1 beat is offset by a more cautious margin outlook and lowering its target on the shares to reflect the derating in peer multiples.