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Fossil Still A Sell After 'Noisy' Quarter, Piper Says

2015-08-13 03:36:50| Jewelry - Topix.net

In a report published Wednesday, Piper Jaffray analyst Erinn E. Murphy maintained an Underweight rating on Fossil Group Inc , while reducing the price target from $60 to $53, after the company reported poor Q2 results. Fossil Group's Q2 sales fell short of expectations, while the company also reduced its guidance for Q3 and FY15.

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