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

Credit Suisse raised its rating on Tumi Holdings 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.