Fossil Group and Kate Spade & Company Announce Global Licensing Agreement for Kate Spade New York Watches
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Fossil (FOSL) PT Cut to $130 at Jefferies Post Q4; 'Buy' Maintained
February 18, 2015 7:40 AM ESTJefferies analyst Randal Konik lowered his price target on Fossil (NASDAQ: FOSL) to $130.00 (from $150.00) following Q4 results and sharply lower 2015 guidance. However, the firm is maintaining a Buy rating, saying they see an opportunity to initiate long-term positions with today.
Konik commented, "Like... More
BofA/Merrill Lynch Slashes Estimates, PT on Fossil (FOSL) Amid Weak 2015 Outlook
February 18, 2015 6:45 AM ESTBofA/Merrill Lynch lowered estimates and its price target on Fossil (NASDAQ: FOSL) to $80.00 (from $95.00) following Q4 results and a disappointing 2015 outlook.
The firm slashed FY 2015 EPS from $7.08 to $5.57 and FY 2016 EPS from $7.67 to $6.12.
Analyst Heather Balksy said they remain concerned... More
