Fossil Group (FOSL): Reiterating Market Perform, Expectations for 4Q May Be Too High - Cowen
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Piper Jaffray Remains Bearish on Fossil Group (FOSL) Following 2Q Results and Guidance
August 10, 2016 8:37 AM EDTPiper Jaffray reiterated an Underweight rating and $25.00 Price Target on Fossil Group (NASDAQ: FOSL) following the company's 2Q earnings report and conference call. Sales were reported at $685M vs. $673M estimates. EPS was at $0.12 vs. the Street's $0.09. Q3 was issued well-below expectations. Sales are forecasted to be down 6%-2% vs. former -0.7%... More
