Levi Strauss price target raised to $19 from $16 at BofA

BofA raised the firm’s price target on Levi Strauss to $19 from $16 and keeps a Neutral rating on the shares. The firm thinks valuation balances the near-term momentum in the business with longer term questions on the health of the global wholesale market. BofA was encouraged by the green shoots management is seeing in the business, including strength in women’s, a stabilized denim market in the U.S., and continued strength in non-denim, the analyst tells investors in a research note.