Morgan Stanley analyst Alex Straton raised the firm’s price target on Levi Strauss (LEVI) to $19 from $16 and keeps an Equal Weight rating on the shares. Levi Strauss reported an “impressive” Q2 beat, with a sales and gross margin-driven Q2 EPS outperformance and considerable upside across Americas and Europe, the analyst tells investors in a research note. The firm thinks Q3 and full year guidance reflect low bars, and should prove beat-able.
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