Tiffany Reports Second Quarter Results
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Cowen Cuts Price Target on Tiffany & Co. (TIF) on Macro and F/X Uncertainty
August 27, 2015 4:17 PM EDTCowen maintained an Outperform rating on Tiffany & Co. (NYSE: TIF), and cut the price target to $97.00 (from $103.00), on macro and F/X uncertainty. 2Q C/C comps were solid at +7%, however, analyst Oliver Chen is cautious for 2H given weaker F/X, global uncertainty & wealth effect risk in China/US.
Chen commented, "2Q... More
Tiffany's (TIF) Q2 Results Seen as 'Mixed Bag' at Deutsche Bank
August 27, 2015 8:36 AM EDTDeutsche Bank maintained a Hold rating on Tiffany & Co. (NYSE: TIF) with a price target of $93. Analyst Francesca Di Pasquantonio charaterized Q2 results a "mixed bag" given strength in comps and softer than expected earnings.
"A mixed bag for TIF Q2 numbers this morning with comps much better than expected and however a 4% adj EPS miss and lowered EPS guidance by... More
Tiffany & Co. (TIF) Misses Q2 EPS by 5c
August 27, 2015 7:02 AM EDTTiffany & Co. (NYSE: TIF) reported Q2 EPS of $0.86, $0.05 worse than the analyst estimate of $0.91. Revenue for the quarter came in at $991 billion versus the consensus estimate of $1.01 billion.
Comps increased 7 percent, versus estimates of 3.5 percent.
For the year ending January 31, 2016,... More
