This Just In: Levi Strauss Stock Upgraded

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

Shares of jeans giant Levi Strauss & Co. (NYSE: LEVI) are trading below $17 today -- and below their $17 IPO price -- making this stock the very definition of a broken IPO.

That sounds like bad news, but the fact that Levi Strauss is down so much -- 30% below its post-IPO high in July, in fact -- has my fellow Fool.com contributor John Ballard thinking that now's the time to buy the stock.

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Source Fool.com