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Levi Strauss Stock Got a Downgrade from Goldman Sachs

Sharon Bailey
Levi Strauss Stock Got a Downgrade from Goldman Sachs

Levi Strauss (LEVI) stock fell 4.6% on July 17 after Goldman Sachs downgraded it to “sell” from “neutral.” Goldman Sachs cut its price target for Levi stock to $19 from $21. In addition, Goldman Sachs downgraded peers PVH (PVH) and Ralph Lauren (RL) to “sell” from “neutral” with a price target of $82 and $103, respectively. The rating downgrade reflects concerns about Levi's higher valuation compared to its peers.