Market Overview

UPDATE: Credit Suisse Initiates Tiffany at Outperform on Multiple Positive Factors

Related TIF
L Brands Inc Upgraded To Outperform, Tiffany & Co. Downgraded To Neutral At Credit Suisse
Benzinga's Top Downgrades
Making Money with Charles Payne: 8/27/14 (Fox Business)

In a report published Friday, Credit Suisse analyst Christian Buss initiated coverage on Tiffany (NYSE: TIF) with an Outperform rating and $89.00 price target.

In the report, Credit Suisse noted, “We consider Tiffany a leading brand in the global jewelry space, with ample opportunity to grow revenue at a high-single-digit rate and earnings in the low teens over the next five years. Increasing focus on higher-end product lines seems appropriate given TIF's historical over-reliance on brand-dilutive, high-margin fashion jewelry. Margin expansion opportunities with improving raw materials prices and a mix shift to higher-margin regions of the world add compelling upside opportunities to the consensus over the next 24 months.”

Tiffany closed on Thursday at $78.18.

Latest Ratings for TIF

DateFirmActionFromTo
Sep 2014Credit SuisseDowngradesOutperformNeutral
Aug 2014Credit SuisseMaintainsOutperform
Aug 2014MacquarieMaintainsNeutral

View More Analyst Ratings for TIF
View the Latest Analyst Ratings

Posted-In: Christian Buss Credit SuisseAnalyst Color Initiation Analyst Ratings

 

Related Articles (TIF)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters