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UPDATE: Topeka Initiates Fossil with Buy on Dynamic Brands Portfolio

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In a report published Friday, Topeka Capital Markets analyst Dorothy S. Lakner initiated coverage on Fossil (NASDAQ: FOSL) with a Buy rating and $112.00 price target.

In the report, Lakner noted, “We are initiating coverage of FOSL with a Buy rating and a price target of $112, given its globally recognized portfolio of brands with double-digit top-and bottom-line growth. Fossil's dynamic portfolio of brands sells globally with shorter lead times, greater transportability and far less obsolescence than apparel, as well as at higher margins—portable, predictable and profitable. FOSL's long and consistent track record of success gives us confidence that it can continue to grow its portfolio of brands as it builds a higher margin retail store base and continues to expand in higher-margin Asia.”

Fossil closed on Thursday at $96.50.

Latest Ratings for FOSL

DateFirmActionFromTo
Aug 2014NomuraMaintainsNeutral
May 2014Brean CapitalUpgradesSellHold
May 2014JefferiesMaintainsBuy

View More Analyst Ratings for FOSL
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Initiation Analyst Ratings

 

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