Piper Jaffray Cuts Fossil Estimates, FY 2015 EPS T0 $5.06 From $5.30, FY 2016 EPS To $4.84 From $5.42, Reiterates Underweight & PT $53
August 12, 2015 at 07:37 AM EDT
Piper is citing worse than expected sales in Europe and views softening sales in Italy and UK as a deviation from expectations