Fossil Group (FOSL): July Swiss Watch Exports Decline -14% Y/Y - Piper Jaffray
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Piper Jaffray anlayst, Erinn Murphy, reiterated her Underweight rating on shares of Fossil (NASDAQ: FOSL) after Swiss watch exports in July declined 14% Y/Y, a slight improvement from the 16% decline in June, but trends deteriorated sequentially in several key countries: the U.S., France, and Germany.
No change to the price target of $25.00.
Shares of Fossil closed at $31.41 yesterday.
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