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Piper Jaffray warns on wearables pressure on Fossil

Oct. 05, 2015 7:20 AM ETFossil Group, Inc. (FOSL) StockFOSLBy: Clark Schultz, SA News Editor
  • Piper Jaffray stays wary of Fossil Group (NASDAQ:FOSL) on concerns over the traditional watch market.
  • "We see gross margin pressure further ensuing into FY16 as competition in the wearable space unfolds," reads the PJ note.
  • Shares of Fossil are reiterated with an Underweight rating by Piper and assigned a price target of $46 vs. the $55.38 close on Friday.

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