Levi Strauss surges 9% on booming sales forecast, and one analyst says the stock will surge another 25% from here
AP Photo/Richard Drew
Levi Strauss & Co. stock surged as much as 9% to a record high on Friday after the denim maker announced better-than-expected earnings and a booming sales forecast. Analysts from UBS also predict the stock will surge another 25% from current levels.
Levi was up 4.62% to $26.17 as of 11:05 a.m. ET, having risen to a session peak of $27.17 earlier in the day, its highest since it listed in March 2019.
The San Francisco-based company on Thu...