Fossil price target raised to $125 from $115 at Jefferies Jefferies raised its price target for Fossil shares ahead of the company's Q4 results tomorrow and reiterates a Buy rating on the name. The firm believes watches were a key gifting item this holiday season and expects generally solid results from Fossil. Note shares of Fossil were downgraded this morning at Benchmark Co.
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.