Fossil downgraded to Hold from Buy at Benchmark Co. Benchmark Co. downgraded Fossil citing valuation and its expectations that the company's 2013 outlook will be at best in-line with consensus estimates. The firm keeps a $105 price target for shares. Note Fossil reports Q4 results tomorrow, February 12.
Fossil initiated with a Neutral at Goldman Goldman Sachs started shares of Fossil with a Neutral rating citing slowing business momentum and new competition from smart watches. The firm has a 6-month price target of $113.