Levi Strauss price target lowered to $18 from $22 at Barclays

Barclays lowered the firm’s price target on Levi Strauss (LEVI) to $18 from $22 and keeps an Overweight rating on the shares. The company’s fiscal Q1 report “checked all of the boxes,” with continued acceleration in organic sales in both wholesale and direct-to-consumer, significant gross margin expansion on full priced sales, and spending control, the analyst tells investors in a research note. The firm says that while tariffs will dictate where the stock goes, Levi is well positioned.