UPDATE: Nomura Initiates Coverage on Fossil Group on Current Valuation

In a report published Monday, Nomura analyst Simeon Siegel initiated coverage on Fossil Group (NASDAQ: FOSL ) with a Neutral rating and $114.00 price target. In the report, Nomura noted, “We believe success in 1) geographic (Asia), 2) segment (Direct-to-Consumer), and 3) product (new licenses/jewelry) growth is reflected in current