Jefferies Maintains Buy on Fossil (FOSL) Ahead of Q4 Results

Jefferies reiterated its Buy rating and $120 price target on Fossil (NASDAQ: FOSL) ahead of Q4 2011 results before the market opening on Tuesday, February 14, 2012.

The firm sees EPS of $1.77 versus the Street at $1.77 and guidance of $1.75-1.78.

"We continue to believe FOSL is in the early phase of an accelerating multi-year growth story and believe the company was a big winner this holiday season as the watch trend remains hotter than ever."

For an analyst ratings summary and ratings history on Fossil click here. For more ratings news on Fossil click here.

Shares of Fossil closed at $100.49 yesterday.

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