Market Overview

UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Fossil Before Tuesday Earnings Report

Share:
Related FOSL
Strategist Comments On Options Activity Ahead Of Priceline And Fossil's Earnings
Stocks Hitting 52-Week Lows
Fossil Group (FOSL) Falls: Stock Goes Down 6.2% - Tale of the Tape (Zacks)

In a report published Monday, Jefferies reiterated its Buy rating on Fossil (NASDAQ: FOSL), and raised its price target from $115.00 to $125.00.

Jefferies noted, “FOSL will report 4Q results before the market opens on Tuesday, February 12. We expect an in line quarter with generally solid results as we believe watches were a key gifting item this holiday season with the KORS brand in particular very strong and FOSL a key beneficiary. Looking ahead, we like easing European compares and more palatable expectations. Reiterate Buy rating and raising PT to $125.”

Fossil closed on Friday at $105.78.

Latest Ratings for FOSL

DateFirmActionFromTo
Jul 2015KeyBancMaintainsUnderweight
May 2015Cowen & CompanyDowngradesOutperformMarket Perform
Apr 2015OTR GlobalDowngradesMixedNegative

View More Analyst Ratings for FOSL
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (FOSL)

Get Benzinga's Newsletters