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 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.