JP Morgan Maintains Neutral on Levi Strauss, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss has maintained a Neutral rating on Levi Strauss (NYSE:LEVI) and reduced the price target from $16 to $15.

January 26, 2024 | 4:11 pm
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NEGATIVE IMPACT
JP Morgan analyst Matthew Boss has maintained a Neutral rating on Levi Strauss and lowered the price target from $16 to $15.
The reduction in price target by a major analyst like JP Morgan can lead to a negative perception among investors, potentially causing a short-term dip in the stock price. The Neutral rating suggests no significant change in the company's outlook, but the lowered price target indicates a slightly less optimistic view on the stock's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100