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FOSL

Fossil

$11.84

0.64 (5.71%)

08:50
08/09/17
08/09
08:50
08/09/17
08:50

Fossil price target cut to $7 from $10 at BofA/Merrill

BofA/Merrill analyst Heather Blasky lowered Fossil's price target to $7 from $10 saying weak traditional watch sales continued to offset wearables growth as Q2 revenues missed across all regions. The analyst said gross margin erosion moderated but promotional activity remains elevated and he is concerned about deflationary pressures. Blasky reiterated his Underperform rating and the company is not immune to the "waning" watch cycle.

FOSL Fossil
$11.84

0.64 (5.71%)

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.
06/20/17
BUCK
06/20/17
UPGRADE
BUCK
Neutral
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.
06/20/17
06/20/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. McDonald's (MCD) upgraded to Outperform from Market Perform at Cowen with analyst Andrew Charles saying value and digital are multi-year growth drivers. The firm's proprietary survey data indicates McDonald's value perceptions versus quick service peers has improved since last September when it began to market both the McPick 2 for $5 value platform and discounts only available through the app. 2. Costco (COST) upgraded to Buy from Neutral at Northcoast with analyst Chuck Cerankosky saying Costco is able to combine value merchandising with an upscale product selection in a destination shopping format, is taking market share in fresh food categories, and is shown to be relatively immune to food deflation over the past several quarters. 3. Fossil (FOSL) upgraded to Neutral from Underperform at Buckingham with the firm's analyst saying shares have pulled back below its $10 price target reaching levels not seen since the fiscal 2009 recession. 4. Goodyear Tire (GT) upgraded to Buy from Hold at Jefferies with analyst Ashik Kurian citing "improving volume momentum and strong cash returns." 5. Clovis (CLVS) upgraded to Buy from Neutral at Janney Capital with analyst Debjit Chattopadhyay citing the ARIEL3 data, which he said addressed the PARP differentiation question. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

IGT

International Game

$28.54

-0.26 (-0.90%)

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T

AT&T

$34.51

-0.01 (-0.03%)

, TWX

Time Warner

$88.72

0.71 (0.81%)

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T

AT&T

$34.51

-0.01 (-0.03%)

TWX

Time Warner

$88.72

0.71 (0.81%)

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    Nov

INVA

Innoviva

$13.06

0.09 (0.69%)

, GSK

GlaxoSmithKline

$35.06

-0.13 (-0.37%)

06:37
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Initiation
Innoviva, GlaxoSmithKline initiated  »

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INVA

Innoviva

$13.06

0.09 (0.69%)

GSK

GlaxoSmithKline

$35.06

-0.13 (-0.37%)

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JNK

SPDR Barclays High Yield Bond

$36.79

-0.02 (-0.05%)

06:37
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SJB

ProShares Short High Yield

$23.25

-0.02 (-0.09%)

06:36
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AVP

Avon Products

$1.94

0.04 (2.11%)

, COTY

Coty

$17.05

0.2 (1.19%)

06:36
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Recommendations
Avon Products, Coty analyst commentary  »

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AVP

Avon Products

$1.94

0.04 (2.11%)

COTY

Coty

$17.05

0.2 (1.19%)

03/08/13
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LGND

Ligand

$140.31

-1.4 (-0.99%)

06:36
11/20/17
11/20
06:36
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06:36
Downgrade
Ligand rating change  »

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HYG

iShares iBoxx $ High Yield Corporate Bond

$87.47

-0.06 (-0.07%)

06:36
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Technical Analysis
iShares iBoxx $ High Yield Corporate Bond: Pivot points »

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LQD

iShares iBoxx $ Investment Grade Corporate Bond

$120.46

0.15 (0.12%)

06:35
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Technical Analysis
iShares iBoxx $ Investment Grade Corporate Bond: Pivot points »

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TLT

iShares 20+ Year Treasury Bond Fund

$126.39

0.93 (0.74%)

06:35
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Technical Analysis
iShares 20+ Year Treasury Bond Fund: Pivot points »

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EADSY

Airbus

$24.99

-0.16 (-0.64%)

, BA

Boeing

$262.26

-1.44 (-0.55%)

06:35
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Periodicals
Airbus faces challenges over stalled A380 Emirates deal, Reuters reports »

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EADSY

Airbus

$24.99

-0.16 (-0.64%)

BA

Boeing

$262.26

-1.44 (-0.55%)

03/08/13
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ATCEY

Altice

06:34
11/20/17
11/20
06:34
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Hot Stocks
Altice: Majority investor Next does not hold any margin loan exposure to Altice »

Information service…

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SLV

iShares Silver Trust

$16.31

0.19 (1.18%)

06:34
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11/20
06:34
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Technical Analysis
iShares Silver Trust: Pivot points »

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USLV

VelocityShares 3x Long Silver ETN

$12.56

0.45 (3.72%)

06:34
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VelocityShares 3x Long Silver ETN: Pivot points »

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ATCEY

Altice

06:34
11/20/17
11/20
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Hot Stocks
Breaking Hot Stocks news story on Altice »

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IYR

DJ US Real Estate Index Fund

$82.14

-0.38 (-0.46%)

06:33
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ATCEY

Altice

, ATUS

Altice USA

$19.86

-0.38 (-1.88%)

06:33
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Periodicals
Altice says not in preparation of cash raising by means of equity issuance »

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ATCEY

Altice

ATUS

Altice USA

$19.86

-0.38 (-1.88%)

03/08/13
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ATCEY

Altice

06:33
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Breaking Hot Stocks news story on Altice »

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IBB

iShares Nasdaq Biotechnology Index

$311.21

0.4 (0.13%)

06:33
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RYAAY

Ryanair

$118.88

1.45 (1.23%)

06:32
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Ryanair initiated  »

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LABD

Daily S&P Biotech Bear 3x Shares

$5.40

0.01 (0.19%)

06:32
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Daily S&P Biotech Bear 3x Shares: Pivot points »

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EWH

MSCI Hong Kong Index

$25.43

-0.17 (-0.66%)

06:32
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MSCI Hong Kong Index: Pivot points »

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EWG

iShares MSCI Germany

$32.71

-0.16 (-0.49%)

06:32
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IJR

iShares Core S&P Small Cap ETF

$74.63

0.32 (0.43%)

06:31
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iShares Core S&P Small Cap ETF: Pivot points »

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EEM

MSCI Emerging Markets Index

$46.82

0.23 (0.49%)

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Technical Analysis
MSCI Emerging Markets Index: Pivot points »

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