Fossil misses guidance for fifth consecutive quarter, says Brean Capital Brean Capital reiterated its Sell rating on Fossil following its Q1 results. The firm said the company lowered guidance for the fifth consecutive quarter and registered a negative comp for the third consecutive quarter. Brean Capital also sees a lack of new products and material near-term issues that do not warrant a premium multiple for the company. Price target is $100.
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.