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Fly News Breaks for October 5, 2015
FOSL
Oct 5, 2015 | 07:02 EDT
Piper Jaffray analyst Erinn Murphy lowered her estimates for Fossil Group citing the "increasingly competitive" landscape into 2016, continued caution around the traditional watch category and volatility in the consumer trends in Asia. She believes competition in the wearable space will continue to pressure the company's margins in FY16. Murphy cut her price target for shares to $46 and keeps an Underweight rating on the name.
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