UPDATE: Canaccord Genuity Upgrades Tiffany & Co. (TIF) to Buy; Use Recent Dip As Entry Point
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Price: $75.07 --0%
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 10 | New: 19
Rating Summary:
7 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 10 | New: 19
Trade TIF Now!
(Updated - July 2, 2012 8:16 AM EDT)
Canaccord Genuity upgraded Tiffany & Co. (NYSE: TIF) from Hold to Buy. PT $63.
Analyst, Laura Champine, said, "...the stock’s recent pullback has opened a window of opportunity into one of the best brands in luxury with significant global expansion opportunities. TIF has declined 14% since the company reduced its FY12 guidance on 5/24, versus the S&P 500 index up 3%, the RLX index up 2%, and the luxury group’s 5% decline. With shares currently trading at 14x our FY12 EPS estimate and 8x FY12E EV/EBITDA, we believe investors have priced in a worst-case scenario."
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 $52.95 yesterday, with a 52 week range of $49.72-$84.49.
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Canaccord Genuity upgraded Tiffany & Co. (NYSE: TIF) from Hold to Buy. PT $63.
Analyst, Laura Champine, said, "...the stock’s recent pullback has opened a window of opportunity into one of the best brands in luxury with significant global expansion opportunities. TIF has declined 14% since the company reduced its FY12 guidance on 5/24, versus the S&P 500 index up 3%, the RLX index up 2%, and the luxury group’s 5% decline. With shares currently trading at 14x our FY12 EPS estimate and 8x FY12E EV/EBITDA, we believe investors have priced in a worst-case scenario."
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 $52.95 yesterday, with a 52 week range of $49.72-$84.49.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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