Levi Strauss Stock Tanking After Q3 Is Buying Opportunity, Says Analyst
1. LEVI shares dropped 11.94% despite beating earnings expectations. 2. Analysts maintain positive ratings, predicting solid future growth. 3. Gross margin improved by 110 basis points, driving profitability. 4. Management raised full-year organic sales guidance from 4.5%-5.5% to 6%. 5. Fourth-quarter growth is projected to slow to 1%, raising concerns.