Fossil price target raised to $109 from $87 at Piper Jaffray Piper Jaffray raised its price target for Fossil following the company's Q4 results but reiterates a Neutral rating on the name. Piper says the company's operating margin guidance of 16.5%-17.0% for FY13 suggests that investments will likely weigh on profitability this year. However, the thinks Fossil's deal with Tory Burch will be well received by investors.
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.