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J.P. Morgan Sticks to Their Buy Rating for Levi Strauss & Co (LEVI)

Tipranks - Tipranks - Mon Feb 2, 6:24AM CST

J.P. Morgan analyst Matthew Boss maintained a Buy rating on Levi Strauss & Co on January 29 and set a price target of $30.00. The company’s shares closed last Friday at $20.54.

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Boss covers the Consumer Cyclical sector, focusing on stocks such as Boot Barn, Lululemon Athletica, and Norwegian Cruise Line. According to TipRanks, Boss has an average return of 7.4% and a 57.03% success rate on recommended stocks.

In addition to J.P. Morgan, Levi Strauss & Co also received a Buy from Barclays’s Adrienne Yih in a report issued on January 29. However, on the same day, TipRanks – OpenAI downgraded Levi Strauss & Co (NYSE: LEVI) to a Hold.

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Based on Levi Strauss & Co’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $1.77 billion and a net profit of $158 million. In comparison, last year the company earned a revenue of $1.84 billion and had a net profit of $182.6 million

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