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Fly News Breaks for November 7, 2019
Nov 7, 2019 | 06:40 EDT
KeyBanc analyst Edward Yruma downgraded Fossil to Sector Weight from Overweight. In a research note to investors, Yruma says that the turnaround driven by wearable growth and traditional watch stabilization has not manifested. While Fossil has made progress with its wearable strategy, Yruma says competitors continue to drive the bulk of growth in the wearable category.
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