Levi Strauss: Short-Term Pressure Expected, Long-Term Outperformance Predicted - Analyst
Portfolio Pulse from Shivani Kumaresan
Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on Levi Strauss & Co (NYSE:LEVI) with a price target of $24. The analyst expects short-term pressure on LEVI due to a decrease in sales and the impact of the enterprise resource planning system (ERP) implementation on shipping product within the U.S. However, she predicts long-term outperformance as gross margins are expected to improve over the year.
June 28, 2023 | 6:32 pm
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Levi Strauss & Co is expected to face short-term pressure due to a decrease in sales and the impact of ERP implementation. However, long-term outperformance is predicted as gross margins are expected to improve over the year.
The analyst expects a decrease in sales and the impact of ERP implementation to put short-term pressure on LEVI. However, she predicts that the company will outperform in the long term as gross margins are expected to improve over the year. This suggests a neutral short-term impact but a positive long-term impact on the stock.
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