This Analyst is Bearish on These 5 Retail Stocks Amid ‘Soft Landing’ Expectations

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In this article, we discuss the 5 retail stocks that Jim Duffy at Stifel is bearish on. If you want to read our discussion on the analysts’ forecasts for the sector, go directly to This Analyst is Bearish on These 15 Retail Stocks Amid ‘Soft Landing’ Expectations.

5. Levi Strauss & Co. (NYSE:LEVI)

Number of Hedge Fund Holders: 26

Levi Strauss & Co. (NYSE:LEVI) is a San Francisco, California-based apparel corporation.

On July 20, Jim Duffy at Stifel lowered the price target on Levi Strauss & Co. (NYSE:LEVI) from $26 to $23. The company posted its Q2 2022 results on July 7 and outperformed the consensus revenue and EPS estimates. While the analysts think that Levi Strauss & Co.’s (NYSE:LEVI) 2022 guidance remains prudent, they believe a weakening macroeconomic outlook could create challenges for the company in achieving its target.

During Q1 2022, Two Sigma Advisors lowered its stake in Levi Strauss & Co. (NYSE:LEVI) by 26%.

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