Levi Strauss shares fall on weak holiday-quarter forecast

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Levi Strauss & Co. (LEVI) PT Lowered to $19 at Morgan Stanley

October 3, 2024 3:00 PM EDT

Morgan Stanley analyst Alex Straton lowered the price target on Levi Strauss & Co. (NYSE: LEVI) to $19.00 (from $20.00) while maintaining a Equalweight rating.

The analyst comments "Revenue shortcomings were offset by strong margins, making for a slight EPS beat. Post-print de-rating seemingly accounts for challenging... More