Wells Fargo raised the firm’s price target on Levi Strauss to $20 from $17 and keeps an Equal Weight rating on the shares. With their first top-line beat in 12 months, new management is breaking the recent cycle of misses and guide downs, the firm notes. With the denim category now stabilizing/inflecting, Levi appears set to gain back investor confidence, Wells adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LEVI:
- LEVI Earnings: Levi Stock Gains on Upbeat Q1 Results, Ups Guidance
- Options Volatility and Implied Earnings Moves Today, April 03, 2024
- Options Volatility and Implied Earnings Moves This Week, April 01 – April 05, 2024
- Levi Strauss (LEVI) Q1 Earnings Cheat Sheet
- Levi Strauss management to meet with Telsey Advisory
