Wells Fargo Downgrades Levi Strauss to Equal-Weight, Announces $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has downgraded Levi Strauss (NYSE:LEVI) from Overweight to Equal-Weight and set a price target of $18.

January 16, 2024 | 12:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Levi Strauss was downgraded by Wells Fargo from Overweight to Equal-Weight with a new price target of $18.
Downgrades by major analysts like Wells Fargo can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $18 suggests a limited upside potential or a downside risk, depending on the stock's current trading price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100