Thursday Q3 Print May Lead to Pop in Shares of Tiffany (TIF)
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Price: $76.59 --0%
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Trade TIF Now!
With recent earnings misses and guidance flubs, Tiffany (TIF) clearly has its challenges. However, analysts at Oppenheimer think these challenges represent poor planning and are not the result of deterioration in fundamental demand.
In fact, Oppenheimer thinks investors will view Thursday's earnings report as "not too bad" and bid shares up.
"We are now assuming a more upbeat near-term stance on TIF," said analyst Brian Nage.
He believes the combination of "a compelling valuation", "easing comparisons and input costs", and "indications of better worldwide luxury demand" will positions TIF shares to perform well into 2013.
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 $62.63 yesterday, with a 52 week range of $49.72-$74.88.
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In fact, Oppenheimer thinks investors will view Thursday's earnings report as "not too bad" and bid shares up.
"We are now assuming a more upbeat near-term stance on TIF," said analyst Brian Nage.
He believes the combination of "a compelling valuation", "easing comparisons and input costs", and "indications of better worldwide luxury demand" will positions TIF shares to perform well into 2013.
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 $62.63 yesterday, with a 52 week range of $49.72-$74.88.
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