LVMH sees Burberry or Tiffany as potential takeover targets, Boomberg reports LVMH Moet Hennessy Louis Vuitton (LVMUY) is poised to pursue a takeover as its revenue growth slows the most in four years. The $87B company could go after Burberry or Tiffany & Co. (TIF), reports Bloomberg.Reference Link
News For LVMUY;TIF From The Last 14 Days
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Tiffany upgraded to Buy from Neutral at Citigroup Citigroup upgraded its rating on Tiffany (TIF) to Buy from Neutral on expectations the company's new management and design teams will drive improved same store sales. Citi also expects stabilizing trends in silver fashion jewelry to bring gross margin upside and a higher share price. The firm raised its price target for the stock to $110 from $100. Tiffany shares closed yesterday down 28c to $93.06.