Levi Strauss Stock Hits 2-Year Highs on Upbeat Forecast

Levi Strauss & Co (NYSE:LEVI) stock is soaring to two-year highs, up 16.9% at $21.81 at last glance, earlier hitting a peak of $22.39. The retailer posted strong first-quarter earnings and stellar 2024 forecast thanks to direct customer sales and cost-saving measures, including job cuts and fewer promotions. Plus, no fewer than seven analysts lifted their price targets after the event. On track for its highest single-day percentage gain since March 2020, LEVI is up 33% since the start of the year. Recent su ...