Fossil initiated with an Outperform at Northland on turnaround progress

As previously reported, Northland analyst Owen Rickert initiated coverage of Fossil (FOSL) with an Outperform rating and $7 price target The firm believes Fossil is well-positioned to continue executing on its multi-year turnaround towards profitable growth, led by secular tailwinds from the resurgence of interest in traditional watches and accessories among Gen-Z and Millennial consumers, the analyst tells investors.