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Fly News Breaks for July 12, 2018
FOSL
Jul 12, 2018 | 15:33 EDT
KeyBanc analyst Edward Yruma thinks that concerns on Fossil's tariff exposure present a "compelling near-term trading opportunity." After reviewing the USTR-2018-0026, the most recent list of $200B in annual trade goods subject to a potential 10% ad valorem duty, the analyst has concluded that wrist watches are not included and believes concerns are overdone. Yruma reiterates an Overweight rating and $32 price target on the shares.
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