Stifel lowered the firm’s price target on Levi Strauss to $19 from $20 and keeps a Buy rating on the shares following the company’s earnings report, calling the post-earnings selloff "overdone." Levi reaffirmed FY23 guidance and the "tale of two halves" FY23 outlook remains, said the analyst, who sees the anticipated second half recovery being supported by easing comparisons and favorable margin dynamics.
Published first on TheFly
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