Oppenheimer Maintains an 'Outperform' on Tiffany & Co. (TIF); Second Half Recovery?
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Price: $131.46 --0%
Rating Summary:
5 Buy, 31 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 5 | New: 2
Rating Summary:
5 Buy, 31 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 5 | New: 2
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Oppenheimer maintains an 'Outperform' on Tiffany & Co. (NYSE: TIF) price target raised from $75 to $83.
Analyst, Brian Nagel, said, "TIF has for some time ranked among our top longer term investment picks within the Hardlines sector. Trends at TIF have proven volatile over the past several months. In late Mar. management "surprised investors" with seemingly optimistic initial 2012 financial guidance. We have spent a lot of time lately reexamining the overall operating environment for Tiffany and stress-testing our TIF model. Our conclusion: Sales and EPS growth at TIF in 2012 is likely to prove back-end loaded, but management forecasts are nonetheless achievable. Shares should perform better as prospects for renewed sales and earnings at TIF turn clearer." (Raises FY12/13 EPS estimate from $3.70/4.25 to $3.95/4.60)
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 $67.98 yesterday.
Analyst, Brian Nagel, said, "TIF has for some time ranked among our top longer term investment picks within the Hardlines sector. Trends at TIF have proven volatile over the past several months. In late Mar. management "surprised investors" with seemingly optimistic initial 2012 financial guidance. We have spent a lot of time lately reexamining the overall operating environment for Tiffany and stress-testing our TIF model. Our conclusion: Sales and EPS growth at TIF in 2012 is likely to prove back-end loaded, but management forecasts are nonetheless achievable. Shares should perform better as prospects for renewed sales and earnings at TIF turn clearer." (Raises FY12/13 EPS estimate from $3.70/4.25 to $3.95/4.60)
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 $67.98 yesterday.
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