Piper Jaffray Downgrades Fossil Group To Neutral

Analysts at Piper Jaffray downgraded Fossil Group, Inc. FOSL from Overweight to Neutral. The price target for Fossil Group has been lowered from $133 to $104. Fossil Group shares have declined 15.33% over the past 52 weeks, while the S&P 500 index has gained 9.52% in the same period. Fossil Group's shares fell 0.86% to close at $97.74 on Friday.