In a note released Monday, Benchmark upgraded Fossil, Inc. FOSL from Hold to Buy and maintained its $125 price target.
With Fossil scheduled to release Q1 earnings Tuesday, May 13th after the close Benchmark provided the following expectations.
Market News and Data brought to you by Benzinga APIs- Q1 EPS $1.18
- ~15 percent of revenue attributable to Michael Kors
- "Strong" international sales and gross margin growth
- Company may have continued share buy back
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