Morgan Stanley Sees Multiple Challenges Ahead For Tiffany & Co.

In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Equal-Weight rating and $94.00 price target on

. In the report, Morgan Stanley noted, "We think TIF remains a strong global luxury brand. However 2015 faces currency headwinds and diminished tourism spending related to the stronger USD. Guidance embeds 2H acceleration which could prove aggressive if forward rates materialize/USD further strengthens." Tiffany & Co. closed on Friday at $82.93.