Piper Jaffray Cuts Price Target on Fossil Group (FOSL) to $60 Ahead of 2Q Earnings
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Oppenheimer Cuts Price Target on Fossil Group (FOSL) Seeing 'More Headwinds than Tailwinds
August 12, 2015 10:20 AM EDTOppenheimer maintained a Perform rating on Fossil (NASDAQ: FOSL), and cut the price target to $70.00 (from $85.00), seeing "more headwinds than tailwinds". After 3Q15 sales guidance for down 10-15%, annual guidance for -4-8% embeds sales growth in 4Q15. Analyst Anna Andreeva lowered '15/'16 EPS... More
Piper Jaffray Cuts Price Target on Fossil Group (FOSL) to $53 Following 2Q Results
August 12, 2015 9:38 AM EDTPiper Jaffray maintained an Underweight rating on Fossil (NASDAQ: FOSL), and cut the price target to $53.00 (from $60.00), following the company's 2Q earnings report. FOSL reported Q2 EPS results of $1.12, beating the Street at $0.82. Revenues came in light at $740M, below the Street at $751M. Q3 guidance came in well below expectations... More
Cowen Cuts Price Target on Fossil Group (FOSL) to $57 Following 2Q EPS Beat
August 12, 2015 7:06 AM EDTCowen reiterated a Market Perform rating on Fossil (NASDAQ: FOSL), and cut the price target to $57.00 (from $65.00), following the company's 2Q15 earnings release. FOSL's overall GAAP EPS was $1.12 vs. guidance of $0.80-$0.91 and Streets $0.82 estimate. Management has lowered FY15 guidance to $4.80 to $5.60 (from $5.25 to... More
