Levi Strauss price target lowered to $17 from $20 at Wells Fargo

Wells Fargo analyst Ike Boruchow lowered the firm’s price target on Levi Strauss (LEVI) to $17 from $20 and keeps an Equal Weight rating on the shares. The firm notes Levi will likely continue to struggle gaining investor confidence, as Q4 was another quarter that offers both good news and bad. Wells continues to wait on the sidelines awaiting a better entry point.