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Jefferies raises its earnings estimates for fashion accessories maker Fossil (FOSL) and ups its...
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Wednesday, March 21, 2012, 9:06 AM ETJefferies raises its earnings estimates for fashion accessories maker Fossil (FOSL) and ups its price target for the stock to $160 from $125, citing benefits from FOSL's upcoming acquisition of Skagen. The market for watches is "very robust" now, the firm says, calling FOSL is a "near monopoly" in the category. FOSL +1.1% premarket.
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