Levi Strauss price target lowered to $22 from $24 at Barclays

Barclays lowered the firm’s price target on Levi Strauss (LEVI) to $22 from $24 and keeps an Overweight rating on the shares. The company’s Q4 demonstrated an accelerating sales and gross margin beat, though the outlook for fiscal 2025 was held back by significant inorganic pressures from currency lapping the 53rd week, the exit from Denizen and Footwear, and a higher tax rate, the analyst tells investors in a research note.