Guggenheim lowered the firm’s price target on Levi Strauss (LEVI) to $20 from $23 and keeps a Buy rating on the shares. Despite what the firm sees as an improved profitability outlook, it reduced its FY25 EPS estimate to $1.25 from $1.45, which now also incorporates a normalized tax rate, the analyst tells investors in a post-earnings note.
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Read More on LEVI:
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