Fossil Shares Could Drop 22%; Time to Sell?

S&P Global says it’s time to sell Fossil Group (FOSL). Analyst Tuna Amobi downgraded the watch and accessories maker to strong sell from buy after the company posted disappointing 1Q financial results late Tuesday and slashed full-year guidance. Amobi also sliced Fossil’s price target almost in half. Now at $22, the new target implies that […]