Jim Cramer thinks Levi's has a decent story with potential upside.
Levi Strauss & Co. (NYSE:LEVI) is one of the 22 stocks Jim Cramer recently talked about. Cramer mentioned Levi’s had a decent story when it reported, with some Vietnam exposure. The company designs and markets apparel and accessories for men, women, and children, including jeans, activewear, tops, and footwear.
Appearing on Squawk on the Street, Cramer discussed Levi Strauss, highlighting their tremendous organic growth and reiterated earnings per share guidance of $1.20 to $1.25. Management is optimistic about the company’s future, with upgrades to overweight and a 3.8% yield. Denim products are performing well, making Levi Strauss an attractive investment option.
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Read more at Yahoo Finance: Jim Cramer Says Levi’s “Had a Decent Story”