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

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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
Jul 2017NeedhamInitiates Coverage OnHold
May 2017Goldman SachsUpgradesNeutralBuy
Mar 2017William BlairUpgradesMarket PerformOutperform

View More Analyst Ratings for TIF
View the Latest Analyst Ratings

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

 

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