Wells Fargo says that while Levi Strauss (LEVI) reported a solid Q3 with compelling revenue and gross margin upside, as a crowded long idea coming in, the firm expects shares to give some back due to concerns around their near-term outlook combined with the questions around rate of spend/margins into 2026. Wells has an Overweight rating on the shares with a price target of $25.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LEVI:
- Levi Strauss price target raised to $33 from $23 at JPMorgan
- Levi Strauss & Co.: Strong Performance and Strategic Growth Justify Buy Rating with $27 Price Target
- Levi Strauss price target raised to $32 from $28 at UBS
- Levi Strauss & Co: Strategic Transformation and Strong Financial Performance Justify Buy Rating
- Levi Strauss price target raised to $20 from $19 at Morgan Stanley