Levi Strauss price target raised to $27 from $24 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Levi Strauss (LEVI) to $27 from $24 and keeps an Outperform rating on the shares. Tariffs are expected to drive a slightly higher gross margin headwind for FY25, but it should be manageable since 60% of the company’s revenues are generated outside the U.S., the analyst tells investors. Overall, the firm continues to see Levi as well-positioned longer-term.