Levi Strauss (LEVI) Plunges 8.67% on Tariff Concerns

Levi Strauss (LEVI) shares plummeted 8.67% intraday, marking the lowest level since September 2020. The stock has been on a downward spiral for four consecutive days, with a cumulative decline of 25.76% over the past four days.

Levi Strauss's recent earnings call for the first quarter of 2025 shed light on the company's challenges in a dynamic macro environment. The announcement of new tariffs has raised concerns about their potential impact on future financial performance, contributing to the stock's decline.

Despite the recent setbacks, JPMorgan has upgraded its rating on Levi Strauss, suggesting that the current market conditions present an attractive entry point for investors. This upgrade reflects a positive outlook on the company's long-term prospects, despite the short-term volatility.