Benchmark upgrades Fossil (FOSL) to Buy in the wake of yesterday's massive 37.6% blowup in...

|By:, SA News Editor

Benchmark upgrades Fossil (FOSL) to Buy in the wake of yesterday's massive 37.6% blowup in shares that it calls "overdone." Analyst Ronald Bookbinder banks on the design company's strong management team and $100M free cash flow as helping it find a way to overcome soft Europe sales. Shares -1.9% premarket.