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Fossil (FOSL +3.4%) trades higher after Jefferies sings the apparel maker's praises following an...

Fossil (FOSL +3.4%) trades higher after Jefferies sings the apparel maker's praises following an analyst meeting. Jefferies believes Fossil can deliver 20% long-term revenue and EPS growth, fueled in part by strong Chinese sales, and is especially bullish on its Michael Kors brand. Fossil shares fell last week on a Q4 guidance cut.
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