Movado Group (MOV) Tops Q1 EPS by 3c; Trims FY17 Outlook

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Cowen Cuts Price Target on Movado Group (MOV) to $24 Following 1Q

May 27, 2016 1:22 PM EDT

Cowen maintained a Market Perform rating on Movado Group Inc. (NYSE: MOV), and cut the price target to $24.00 (from $29.00), following the company's 1Q earnings report. On the call, management commented that the fashion watch category in the U.S. appears to be suffering from... More