Goldman Sachs Removes Sell Rating from Tiffany & Co. (TIF)
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Price: $131.46 --0%
Rating Summary:
4 Buy, 31 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 31 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs upgraded Tiffany & Co. (NYSE: TIF) from Sell to Neutral with a price target of $77.00.
The firm said their negative three-pronged thesis failed to materialize with Japan recovering faster than we expected after the earthquake. In addition the company has successfully passed on higher input costs with no resistance and valuation has expanded to trade in line with global luxury brands rather than domestic discretionary retailers.
For more ratings news on Tiffany & Co. click here and for the rating history of Tiffany & Co. click here.
Shares of Tiffany & Co. closed at $73.07 yesterday.
The firm said their negative three-pronged thesis failed to materialize with Japan recovering faster than we expected after the earthquake. In addition the company has successfully passed on higher input costs with no resistance and valuation has expanded to trade in line with global luxury brands rather than domestic discretionary retailers.
For more ratings news on Tiffany & Co. click here and for the rating history of Tiffany & Co. click here.
Shares of Tiffany & Co. closed at $73.07 yesterday.
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