Canaccord Genuity Maintains a 'Hold' on Tiffany & Co. (TIF); Cutting PT and Estimates
Tweet Send to a FriendGet Alerts TIF Hot Sheet
Price: $75.16 -1.87%
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade TIF Now!
Canaccord Genuity maintains a 'Hold' on Tiffany & Co. (NYSE: TIF) price target lowered from $69 to $63.
Analyst, Laura Champine, said, "TIF reported Q1 EPS of $0.64, $0.05 below our estimate and consensus...TIF reduced its FY12 consolidated sales growth guidance from 10% to 7%-8% and cut EPS guidance by $0.25 to $3.70-$3.80 versus consensus at $3.97. We are lowering our FY12 EPS estimate by $0.31 to $3.73 on a 200bps reduction in our sales growth forecast to 8%. We believe slowing sales growth trends justify a HOLD rating, and we are lowering our PT."
For an analyst ratings summary and ratings history on Tiffany & Co. click here. For more ratings news on Tiffany & Co. click here.
Shares of Tiffany & Co. closed at $57.59 yesterday, with a 52 week range of $55.75-$84.49.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Laura Champine, said, "TIF reported Q1 EPS of $0.64, $0.05 below our estimate and consensus...TIF reduced its FY12 consolidated sales growth guidance from 10% to 7%-8% and cut EPS guidance by $0.25 to $3.70-$3.80 versus consensus at $3.97. We are lowering our FY12 EPS estimate by $0.31 to $3.73 on a 200bps reduction in our sales growth forecast to 8%. We believe slowing sales growth trends justify a HOLD rating, and we are lowering our PT."
For an analyst ratings summary and ratings history on Tiffany & Co. click here. For more ratings news on Tiffany & Co. click here.
Shares of Tiffany & Co. closed at $57.59 yesterday, with a 52 week range of $55.75-$84.49.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- UPDATE: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy
- AcelRx (ACRX) Target Lifted at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
