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Jefferies raises its earnings estimates for fashion accessories maker Fossil (FOSL) and ups its...

Jefferies 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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