Fly News Breaks for March 2, 2015
FOSL
Mar 2, 2015 | 06:59 EDT
Piper Jaffray believes the investments Fossil needs to make to stay competitive in the watch market are increasing. Piper also thinks the fashion watch cycle is poised for a period of slower growth. It keeps an Underweight rating on Fossil with a $72 price target on expectations the stock continues to underperform the market over the next 12 months.
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