Fossil (FOSL) put volume and IV bid up into Q3 and outlook

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Fossil (FOSL) PT Lowered to $6 at Jefferies; Reiterates Hold Rating

November 8, 2017 8:55 AM EST

Jefferies lowered its price target on Fossil (NASDAQ: FOSL) to $6.00 (from $13.00) while maintaining a Hold rating following the company's 3Q earnings report. The 3Q beat was largely driven by a pull-forward in sales out of 4Q, while GM continued to fall short of expectations... More