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 price target raised to $150 from $140 at Jefferies Jefferies raised its price target for Fossil (FOSL) shares to $150 saying the company's renewed agreement with Michael Kors (KORS) removes an overhang on the stock. The firm thinks Fossil's European growth potential associated with the Kors relationship is underappreciated. It reiterates a Buy rating on the stock.