Fossil gaps up sharply, levels to watch The company's earnings report this morning beat by a penny for its Q4, but the shares appear to be up on a licensing deal signed with Tory Burch. Piper Jaffray bumped its price target up on the shares to $109, below were the stock is currently trading. At the current price of $113.55, next resistance is at $114.66. Support is at $110.61.
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.