Levi Strauss & Co: Rating Downgrade As Upside Is No Long Attractive
Levi Strauss & (LEVI) Seeking Alpha·2024-06-29 18:45
Marina Shvetsova/iStock via Getty Images Investment action I recommended a buy rating for Levi Strauss & Co. (NYSE:LEVI) when I wrote about it in January this year, as I liked how management has executed on its DTC transition and how margins were progressing in the right direction. Based on my current outlook and analysis, I recommend a hold rating. My key update to my thesis is that I believe the upside is no longer attractive and near-term share price performance is likely to remain weak as the market ...