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Fly News Breaks for November 10, 2015
FOSL
Nov 10, 2015 | 06:59 EDT
Piper Jaffray analyst Erinn Murphy does not recommend shorting Fossil into the company's Q3 results on November 12. She does, however, keep an Underweight rating on the stock with a $46 price target. Murphy thinks Fossil's results could be in-line with estimates and she points out 24% of the float is held short. The analyst continues to see risk to Street estimates for FY16.
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