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Stock Market & Financial Investment News

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February 12, 2013
09:08 EDTFOSLFossil 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.
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