Levi Strauss' (LEVI) recent fieldwork points to "mixed trends" on denim following 3Q's negative category inflection, says a JPMorgan analyst. George Tsilis joins Alex Coffey and Caroline Woods to discuss LEVI. He talks about how the JPMorgan analyst see a more balanced risk/reward at current share levels and downgraded LEVI to neutral from overweight. He also goes over how 30% of LEVI's total sales are through third party vendors. He then notes there is room for improvement in the company. Tune in to find out more about the stock market today.