LEVI STRAUSS & /SH CL A (LEVI) Coverage Initiated by Analysts at Morgan Stanley

Investment analysts at Morgan Stanley initiated coverage on shares of LEVI STRAUSS & /SH CL A (NYSE:LEVI) in a research report issued on Monday, Marketbeat Ratings reports. The brokerage set an “equal weight” rating and a $23.00 price target on the blue-jean maker’s stock. Morgan Stanley’s price objective would suggest a potential downside of 4.72% from the stock’s current price.

LEVI has been the subject of a number of other research reports. Goldman Sachs Group assumed coverage on LEVI STRAUSS & /SH CL A in a research note on Monday. They issued a “neutral” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on LEVI STRAUSS & /SH CL A in a research note on Monday. They issued an “overweight” rating and a $26.00 price objective for the company. Guggenheim assumed coverage on LEVI STRAUSS & /SH CL A in a research note on Monday. They issued a “buy” rating and a $26.00 price objective for the company. Bank of America assumed coverage on LEVI STRAUSS & /SH CL A in a research note on Monday. They issued a “neutral” rating and a $25.00 price objective for the company. Finally, Telsey Advisory Group assumed coverage on LEVI STRAUSS & /SH CL A in a research note on Monday. They issued an “outperform” rating and a $28.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $25.14.

Shares of NYSE LEVI traded up $0.17 during mid-day trading on Monday, reaching $24.14. The company’s stock had a trading volume of 27,220 shares, compared to its average volume of 5,899,286. LEVI STRAUSS & /SH CL A has a 52 week low of $21.24 and a 52 week high of $24.19.

In related news, major shareholder Margaret E. Haas sold 1,000,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $17.00, for a total value of $17,000,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David A. Friedman sold 150,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $17.00, for a total value of $2,550,000.00. The disclosure for this sale can be found here.

About LEVI STRAUSS & /SH CL A

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Analyst Recommendations for LEVI STRAUSS & /SH CL A (NYSE:LEVI)

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