Forever Wearing Blues Jeans, Levi Strauss Swings To Profit After IPO

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    Super Harley

    Iconic American blue jean maker Levi Strauss &…


    Super Harley

    Levi Strauss & Co. (NYSE: LEVI) was downgraded to Sell from a Neutral rating at Goldman Sachs, and the firm cut its target to $19 from $21 Wed

    Goldman Sachs said that the wholesale sector in the U.S. is already facing tough times. The second is that the hype around LEVI stock isn’t justified based on its brand growth, reports Bloomberg.

    Levi Strauss & Co

    NYSE: LEVI · July 18, 4:16 PM EDT
    18.40 ▼ 0.49 (2.59%)


    Bank of America upgraded Levi Strauss & Co. to ‘buy’ from ‘neutral’

    “In a highly disrupted environment, Levi’s stands out as an apparel brand with potential upside to its sales and EPS plan benefitting from strong brand momentum. We believe shares are attractive now that valuation has rebased to 8x F20E EV/EBITDA from the post-IPO peak of 11x. We think the stock is pricing in below-plan growth, and we expect multiple rerating as Levi’s continues to beat its sales and EPS targets. ”

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