Fly News Breaks for March 6, 2015
FOSL
Mar 6, 2015 | 07:40 EDT
Telsey Advisory downgraded Fossil to Market Perform following yesterday's analyst day. The firm believes management is focused on continued investments in growth opportunities and will not manage the business to expense leverage. Telsey Advisory the ongoing strategy will likely generate flattish operating margins over the next several years, which could disappoint investors. Price target lowered to $94 from $105.
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