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Fly News Breaks for February 15, 2017
FOSL
Feb 15, 2017 | 05:55 EDT
Wells Fargo analyst Ike Boruchow downgraded Fossil to Underperform saying the Q4 sales missed expectations "despite a much hyped push into wearables" while Q1 trends suggest that reorder activity has been "extremely weak following their holiday sell-in." The analyst cut his price target range for the shares to $13-$14 from $22-$24.
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