Tiffany & Co. (TIF): Raising PT to $100 - Jefferies

November 14, 2016 7:19 AM EST
Get Alerts TIF Hot Sheet
Price: $81.30 -1.47%

Rating Summary:
    17 Buy, 16 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Jefferies analyst, Randal Konik, reiterated his Buy rating on shares of Tiffany & Co. (NYSE: TIF) and raised his price target to $100 from $85 citing ongoing fashion jewelry improvement which should drive margin/EPS upside.

The analyst stated "TIF has strong positioning in a growing market. Catalysts incl. (a) fashion jewelry improvement, (b) tourism headwinds abating, (c) flow-through of low input costs, (d) growing brand loyalty, and (e) upward adjustment of mult. toward peers".

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 $80.29 yesterday.

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