Fossil should report upside Q4 results , says Cowen Cowen expects Fossil to report upside Q4 results on Tuesday and expects shares to trade higher following the release. The firm expects improved margins, international distribution growth, and continued innovation in its watch business. Shares are Outperform rated.
Fossil downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded Fossil to Neutral saying the company's North American growth could slow further while foreign currency is a headwind with a third of its sales coming from Europe. Piper lowered its price target for shares to $104 from $133.