Levi's Continues To Be Best In Brand Despite Week Outlook, Say Analysts
Portfolio Pulse from Shivani Kumaresan
Levi Strauss & Co (NYSE:LEVI) received mixed analyst ratings. J.P. Morgan reiterated a Neutral rating and lowered the price target to $20, while BofA Securities reiterated a Neutral rating but raised the price target to $22. LEVI reported strong Q2 results but faces balanced risk/reward due to increased investments and higher expenses.
June 27, 2024 | 5:58 pm
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Levi Strauss & Co received mixed analyst ratings. J.P. Morgan lowered the price target to $20, while BofA raised it to $22. LEVI reported strong Q2 results but faces balanced risk/reward due to increased investments and higher expenses.
The mixed analyst ratings and the balanced risk/reward assessment suggest a neutral short-term impact on LEVI's stock price. While the company reported strong Q2 results, increased investments and higher expenses may constrain bottom-line growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100