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FOSL

Fossil

$9.22

0.02 (0.22%)

07:18
06/20/17
06/20
07:18
06/20/17
07:18

Fossil upgraded to Neutral from Underperform at Buckingham

Buckingham upgraded Fossil to Neutral saying shares have pulled back below its $10 price target reaching levels not seen since the FY09 recession. The firm's analyst believes Fossil's negative thesis has played out, limiting additional near-term negative catalysts to move the stock lower from here.

FOSL Fossil
$9.22

0.02 (0.22%)

02/15/17
02/15/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Fossil (FOSL) downgraded to Underperform from Market Perform at Wells Fargo, with analyst Ike Boruchow saying 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." 2. Under Armour (UA) downgraded to Negative from Neutral at Susquehanna, with analyst Sam Posner arguing that 20% annual revenue growth is "a thing of the past for the foreseeable future." Poser tells investors that commentary by CEO Kevin Plank in the current "polarized political climate" make it "nearly impossible" to effectively build a cool urban lifestyle brand, noting that several stars reacted unfavorably to his comments. 3. Hologic (HOLX) downgraded to Neutral from Buy at BofA/Merrill, with analyst Derik de Bruin saying the Cynosure (CYNO) acquisition enhances growth but at lower margins. The analyst said Cynosure adds new higher growth revenue but margins and cash flows are low relative to Hologic's and will not fully offset dilution from the recent blood screening divestiture. 4. Aircastle (AYR) downgraded to Market Perform from Outperform at Cowen by analyst Helane Becker, who said the company's growth rate is slowing as aircraft acquisition is more competitive. Aircastle was also downgraded at FBR Capital to Market Perform from Outperform. 5. Convergys (CVG) downgraded to Hold from Buy at SunTrust by analyst Frank Atkins, who said top line growth may be limited near-term due to increased uncertainty driving weakness in the demand environment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here
03/03/17
MACQ
03/03/17
NO CHANGE
Target $12
MACQ
Underperform
Fossil price target lowered to $12 from $16 at Macquarie
Macquarie analyst Laurent Vasilescu lowered Fossil's price target to $12 from $16 and reiterated his Underperform rating following the 10K release.
03/03/17
WELS
03/03/17
NO CHANGE
WELS
Fossil has 'additional red flags,' says Wells Fargo
Wells Fargo says that Fossil's (FOSL) 10K shows that the company "is generating steep losses in the U.S." Wells adds that Adidas is terminating its partnership with Fossil nine months earlier than expected, while many of Fossil's selling prices are dropping and the sales declines of its Michael Kors (KORS) brand are accelerating. Wells says that the company's U.S. issues could cause it to violate debt covenants. Wells keeps an Underperform rating on the stock.
04/28/17
OTRG
04/28/17
NO CHANGE
OTRG
Fossil's overall sales continue to struggle, says OTR Global
OTR Global's distributor checks indicate Fossil continues to struggle with overal sales during the quarter as slowing demand for smartwatches contributed to general weakness as traditional watch sale declined.

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DCIX

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CAA

CalAtlantic

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UBS

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