UPDATE: Piper Jaffray Upgrades Fossil Group on Accelerating Sales Catalysts, Margin Inflection Point
October 23, 2013 at 10:08 AM EDT
In a report published Wednesday, Piper Jaffray analyst Erinn E. Murphy upgraded the rating on Fossil Group (NASDAQ: FOSL ) from Neutral to Overweight, and raised the price target from $121.00 to $147.00. In the report, Piper Jaffray noted, “We are raising estimates, increasing our price target to $147 and