Levi Strauss price target raised to $20 from $19 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Levi Strauss (LEVI) to $20 from $19 and keeps an Equal Weight rating on the shares. Despite “another” sales and margin-driven Q3 earnings beat and fiscal year guidance raise, the firm wonders if mid-single digit percentage growth will translate to commensurate profitability expansion in 2026 and beyond, the analyst tells investors. A “fair” after-market valuation and 2026 EPS uncertainty keeps the firm Equal Weight rated, the analyst noted.