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UPDATE: Credit Suisse Upgrades Tumi Holdings to Outperform on Q2 Execution

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Credit Suisse raised its rating on Tumi Holdings (NYSE: TUMI) from Neutral to Outperform and increased its price target from $23 to $25.

Credit Suisse commented, "Following a solid 2Q beat on sustained demand momentum as well as strong management of margins and expenses, we have increasing conviction that longer-term market share capture and margin expansion trends are playing out. We raise our target price from $23 to $25 and upgrade our rating to Outperform (from Neutral)."

Tumi Holdings closed at $18.51 on Monday.

Latest Ratings for TUMI

DateFirmActionFromTo
May 2015Stephens & Co.UpgradesEqual-weightOverweight
May 2015JefferiesMaintainsBuy
Feb 2015Stephens & Co.DowngradesOverweightEqual-weight

View More Analyst Ratings for TUMI
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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