Levi Strauss stock price target lowered by Raymond James
Raymond James lowered its price target for Levi Strauss (NYSE:LEVI) to $22 from $24, citing a 'messy' outlook but favorable risk/reward. The stock trades at a P/E of 14.03 and PEG of 0.22. Levi reported Q3 EPS of $0.48, beating estimates, with net sales up 4.3% YoY to $1.6B, though revenue missed expectations. The company aims for long-term EBIT margin expansion to 15% and offers a 3.28% dividend yield.
How this was made
The 30-second read
Why it matters
The combination of an earnings beat on EPS but a revenue miss, plus a target reduction, creates mixed signals; short‑term bias leans negative.
Market read
New earnings data and analyst downgrade provide fresh trading impetus for LEVI.
What to watch
International expansion and women's product line may drive longer‑term growth beyond the quarter.
Background
Levi Strauss & Co. reported Q3 adjusted EPS of $0.48 beating estimates but missed revenue expectations, prompting Raymond James to cut its price target.
Ticker impact
Raymond James lowered LEVI's price target to $22 and reported Q3 earnings miss on revenue, indicating fresh analyst downgrade and earnings data.
likely pressure as the market prices in the lower target and revenue shortfall
Target cut and earnings miss are new facts that typically trigger sell‑offs in the short term.
Market effects
Denim/apparel sector may see modest pullback as peers watch LEVI's earnings miss.
U.S. consumer discretionary sentiment could soften slightly.
Limited; impact confined to apparel and consumer discretionary investors.
Counterpoint
Despite the miss, LEVI's strong cash flow and dividend yield could attract value investors.
Key entities
- AnalystRaymond James
Equity research firm that lowered LEVI's price target.
- CompanyLevi Strauss & Co.
Denim apparel maker reporting Q3 results.


