- 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.
Piper Jaffray warns on wearables pressure on Fossil
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Symbol | Last Price | % Chg |
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FOSL | - | - |
Fossil Group, Inc. |