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 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.