Oppenheimer Maintains an 'Outperform' on Tiffany & Co. (TIF); Delaying the Launch of Gatsby
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Price: $131.46 --0%
Rating Summary:
4 Buy, 31 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 31 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer maintains an 'Outperform' on Tiffany & Co. (NYSE: TIF) price target of $75.00.
Analyst, Brian Nagel, said, "We continue to view Tiffany as one of the most compelling longer term investment opportunities in Hardlines. TIF is aggressively expanding into up-and-coming consumer markets worldwide and enjoys one of the strongest brand names in luxury retail. Near term the outlook for TIF is more uncertain. Challenging comp comparisons and waning demand in markets such as China and Europe are likely weighing on sales at TIF. And now Hollywood might have dealt TIF another blow by delaying the launch of Gatsby, in that TIF has planned several product launches tied to the movie. We are optimistic that TIF is at or near a valuation bottom. Shares are positioned to perform better as indications of restrengthening sales trends turn clearer."
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 $59.63 yesterday.
Analyst, Brian Nagel, said, "We continue to view Tiffany as one of the most compelling longer term investment opportunities in Hardlines. TIF is aggressively expanding into up-and-coming consumer markets worldwide and enjoys one of the strongest brand names in luxury retail. Near term the outlook for TIF is more uncertain. Challenging comp comparisons and waning demand in markets such as China and Europe are likely weighing on sales at TIF. And now Hollywood might have dealt TIF another blow by delaying the launch of Gatsby, in that TIF has planned several product launches tied to the movie. We are optimistic that TIF is at or near a valuation bottom. Shares are positioned to perform better as indications of restrengthening sales trends turn clearer."
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 $59.63 yesterday.
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