Levi’s: Buy On The Dip Or Downtrend In Play?
Key Points Levi’s had a tepid quarter and lowered guidance, sending shares down more than 5%.The analysts are lowering their price targets but still view the stock as a Buy.Institutional activity ramped in Q1 and may provide support with shares trading near critical levels.5 stocks we like better than Levi Strauss & Co.Levi’s (NYSE:LEVI)shares are down more than 7% in premarket trading after the company issued weaker-than-expected guidance. The guidance calls for significant improvement in the second half but fell short of the analysts’ expectations. That led to several price target reductions...