Market Overview

UPDATE: Sterne Agee Upgrades Tiffany & Co. on Compelling Entry Point from Recent Pullback

Share:
Related TIF
After Yellen Speech Fails to Excite, Focus Turns to Jobs Data, Consumer Health
5 Biggest Price Target Changes For Monday
Charles de Vaulx Invests in 5 New Holdings in —nd Quarter (GuruFocus)

In a report published Thursday, Sterne Agee analyst Ike Boruchow upgraded the rating on Tiffany & Co. (NYSE: TIF) from Neutral to Buy, and reiterated the $86.00 price target.

In the report, Sterne Agee noted, “We are upgrading TIF to Buy. The company has a highly visible margin recapture opportunity over the next 18-24 months, a rapidly growing international platform (50% of sales comping HSD) and a US business that, while lagging the past 18 months, has recently made a number of key hires and implemented several new product initiatives that should lead to improving performance over the medium-term. The recent pullback has created a compelling entry point, and we see several ways to win from here.”

Tiffany & Co. closed on Wednesday at $73.91.

Latest Ratings for TIF

DateFirmActionFromTo
Aug 2016Cowen & CompanyMaintainsMarket Perform
Aug 2016Deutsche BankMaintainsHold
Aug 2016CitigroupMaintainsNeutral

View More Analyst Ratings for TIF
View the Latest Analyst Ratings

Posted-In: Ike Boruchow Sterne AgeeAnalyst Color Upgrades Analyst Ratings

 

Related Articles (TIF)

View Comments and Join the Discussion!