HSBC Downgrades Tiffany & Co. (TIF) to Hold
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February 6, 2017 7:00 AM EST
After the close Friday, Tiffany & Co. (NYSE: TIF) announced that Frederic Cumenal has stepped down as Chief Executive Officer, effective immediately. The Board of Directors has commenced a search to recruit a successor in which it will be assisted by a leading executive search firm. During this process, Michael J. Kowalski, Chairman of the Board of Directors and previous CEO of Tiffany, will serve as Interim CEO while continuing as Chairman.
On behalf of the entire Board of Directors, I would like to thank Frederic Cumenal for his... More
February 6, 2017 6:58 AM EST
Jefferies analyst Randal Konick is bullish on Tiffany & Co.s (NYSE: TIF) prospects, with a Buy rating and $102 price target on the company, citing a strong position in a growing market and accelerated change under the next CEO.
Konick comments, We think investors will welcome change... More
February 6, 2017 4:19 AM EST
Mizuho Securities downgraded Tiffany & Co. (NYSE: TIF) from Buy to Neutral with a price target of $74.00 (from $90.00).
Analyst Betty Chen comments "While we still consider TIF as a foremost luxury brand with multiple long term drivers, we are concerned with multiple executive changes LTM.... More
February 5, 2017 7:14 PM EST
(Reuters) - Tiffany & Co (NYSE: TIF) on Sunday said Frederic Cumenal has stepped down as chief executive officer, after what the upscale jeweler called disappointing financial results.
The retailer said its chairman and previous chief executive, Michael Kowalski, would serve as interim CEO while... More
