Credit Suisse Lowers Tiffany & Co. Price Target.

On Tuesday, analysts at Credit Suisse lowered the price target on shares of Tiffany & Co. TIF from $112 to $108 and reiterated the Neutral rating.

Christian Buss stated, “we remain concerned given weakness out of APAC and a muted outlook for the remainder of the year. While we are encouraged by the progress made on transitioning TIF's low priced gold and silver business, increased AURs, and healthy demand out of the Americas, we are increasingly concerned that global macro challenges in APAC, Japan, and Europe near-term will hold back earnings power until FY15.”

Shares of Tiffany & Co. closed Tuesdays session at $107.60 up 2.4 percent.