Fossil Q4 results strong, outlook conservative, says Jefferies Jefferies believes Fossil reported strong Q4 results and views the company's outlook as conservative with potential upside. The firm raised its price target for shares to $150 from $145 and says the valuation is attractive at current levels. Jefferies keeps a Buy rating on Fossil.
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.