BofA raised the firm’s price target on Levi Strauss (LEVI) to $27 from $26 and keeps a Buy rating on the shares. The denim category is strong, the brand is gaining traction globally, and the firm sees positive EPS momentum, the analyst tells investors in an earnings preview. The firm is raising its Q3 EPS forecast by 2c to 32c to reflect stronger margin, the analyst noted.
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