cheapbag214s
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 Posted: Tue 23:36, 03 Sep 2013 Post subject: Fossil Downgraded on Macroeconomic Concerns |
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Fossil Downgraded on Macroeconomic Concerns
We recently downgraded our longterm recommendation on Fossil,[link widoczny dla zalogowanych], Inc. (FOSL), a global design,[link widoczny dla zalogowanych], marketing and distribution company that specializes in consumer fashion accessories, to Neutral with a price target of $85.00. Fossil also holds a Zacks 3 Rank,[link widoczny dla zalogowanych], which translates into a shortterm Hold rating,[link widoczny dla zalogowanych], and correlates with our longterm recommendation.
We remain concerned about the company customers remain sensitive to macroeconomic factors including interest rate hikes, increase in fuel and energy costs,[link widoczny dla zalogowanych], credit availability,[link widoczny dla zalogowanych], unemployment levels,[link widoczny dla zalogowanych], and high household debt levels, which may negatively impact their discretionary spending,[link widoczny dla zalogowanych], and in turn the company growth and profitability.
We believe Fossil inhouse team of dedicated designers and product specialists enable the company to stay ahead of the emerging lifestyle and fashion trends to bring its customers innovative and unique products,[link widoczny dla zalogowanych].
The objectives of its designers and brand specialists are to immerse themselves in their assigned brands and product areas,[link widoczny dla zalogowanych], identify their customers' preferences, interpret global fashion trends and develop styleright offerings to generate volume purchasing.
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