Wells Fargo Maintains Equal-Weight on Levi Strauss, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Equal-Weight rating on Levi Strauss (NYSE:LEVI) but reduced the price target from $18 to $17.
January 26, 2024 | 1:50 pm
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Wells Fargo analyst Ike Boruchow has maintained an Equal-Weight rating on Levi Strauss but lowered the price target from $18 to $17, indicating a potential downside or limited upside.
The reduction in price target by Wells Fargo suggests that the analyst sees less potential for price appreciation in LEVI's stock. This could lead to a negative investor sentiment in the short term, potentially causing the stock price to adjust downward to reflect the new target.
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