Levi Strauss price target raised to $20 from $17 at Morgan Stanley

Morgan Stanley analyst Alex Straton raised the firm’s price target on Levi Strauss to $20 from $17 and keeps an Equal Weight rating on the shares. Levi Strauss reported better than expected Q1 results and unchanged sales guidance for the fiscal year, leaving the firm’s thesis unchanged, the analyst tells investors in a research note. The firm awaits evidence of near-term topline catalysts taking shape before becoming more constructive.