TD Cowen lowered the firm’s price target on Levi Strauss to $25 from $26 and keeps a Buy rating on the shares. The firm previewed its Q3 results and was cautious as strong growth in global direct-to-consumer could be offset by continued softness in the Europe wholesale channel. Also, their survey checks point to both non-denim bottoms and Western denim brand competitors like Wrangler gaining share.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LEVI:
- Levi Strauss & Co. (LEVI) Q3 Pre-Earnings: Analysts Anticipate 11% Earnings Growth
- Deere dips after Trump tariff threat, DOJ to sue Visa: Morning Buzz
- Levi Strauss sees delay in hitting $10B revenue goal, FT reports
- Levi Strauss (NYSE:LEVI) Teases Partnership With Beyoncé
- Levi Strauss Executive VP Tracy Layney to Step Down