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Levi Strauss & Co (LEVI) Receives a Buy from Wells Fargo

Tipranks - Tipranks - Thu Jan 15, 5:04AM CST

Wells Fargo analyst Ike Boruchow maintained a Buy rating on Levi Strauss & Co yesterday and set a price target of $29.00. The company’s shares closed yesterday at $21.47.

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According to TipRanks, Boruchow is a 4-star analyst with an average return of 5.1% and a 50.10% success rate. Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Ross Stores, Tapestry, and Bath & Body Works.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Levi Strauss & Co with a $28.75 average price target, a 33.91% upside from current levels. In a report released on January 12, UBS also maintained a Buy rating on the stock with a $33.00 price target.

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Based on Levi Strauss & Co’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $1.54 billion and a net profit of $218.1 million. In comparison, last year the company earned a revenue of $1.52 billion and had a net profit of $20.7 million

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