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Stock Market & Financial Investment News

News Breaks
January 10, 2013
11:32 EDTKORS, COH, TIFTiffany guidance, weak holiday sales drag on luxury peers
Earlier today, Tiffany & Co. (TIF) issued disappointing FY12 EPS guidance, indicating that results would come in at the lower end of its $3.20-$3.40 range, versus consensus of $3.26. The company also reported its holiday same-store sales were unchanged from a year ago. It said it was planning for sales to grow “conservatively” for 2013, accompanied by net earnings growth of 6%-9%. The news comes amid several recent reports indicating poor holiday sales for major retailers which are likely to adversely affect profit margins. In late morning trading, Tiffany shares are down about 3.4% to $61.09, but had been down as much as 7% shortly after the open. Other luxury retailers are falling in sympathy, with Coach (COH) down about 2% and Michael Kors (KORS) off by nearly 3%.
News For TIF;COH;KORS From The Last 14 Days
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March 2, 2015
09:47 EDTCOHCoach downgraded to Hold from Buy at Standpoint Research
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February 25, 2015
07:31 EDTCOHCoach longer term outlook positive, says Stifel
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February 24, 2015
10:00 EDTCOHOn The Fly: Analyst Upgrade Summary
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06:28 EDTCOHCoach upgraded to Outperform from Perform at Oppenheimer
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February 20, 2015
09:23 EDTTIFGoldman sees select Apparel and Footwear opportunities due to FX risk
Goldman said translation currency exposure in the Apparel and Footwear has created volatility and opportunity to gain exposure to this theme. Goldman's analyst sees a positive near-term set-up for Nike (NKE) and Tiffany (TIF) and a negative set-up for Crocs (CROX) and Abercrombie & Fitch (ANF) and of upcoming earnings reports.
07:14 EDTCOHOppenheimer to hold a tour
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February 19, 2015
09:59 EDTCOHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Altisource Residential (RESI) upgraded to Neutral from Sell at Compass Point... Angie's List (ANGI) upgraded to Overweight from Equal-Weight at First Analysis... Barrick Gold (ABX) upgraded to Buy from Hold at TD Securities... British Land (BTLCY) upgraded to Buy from Hold at Societe Generale... Coach (COH) upgraded to Buy from Hold at Topeka... Fiat Chrysler (FCAU) upgraded to Outperform from Neutral at Exane BNP Paribas... Garmin (GRMN) upgraded at BofA/Merrill... Hologic (HOLX) upgraded to Buy from Hold at Canaccord... Iberdrola (IBDRY) upgraded to Neutral from Underweight at HSBC... KPN (KKPNY) upgraded to Neutral from Underperform at Exane BNP Paribas... Monster Worldwide (MWW) upgraded at Evercore ISI... Pharmacyclics (PCYC) upgraded to Buy from Neutral at Nomura... RPC, Inc. (RES) upgraded to Equal Weight from Underweight at Morgan Stanley... Sanofi (SNY) upgraded to Buy from Neutral at BofA/Merrill... Sasol (SSL) upgraded to Neutral from Underweight at HSBC... Tractor Supply (TSCO) upgraded at Oppenheimer... Valero (VLO) upgraded to Buy from Hold at Deutsche Bank... Weingarten Realty (WRI) upgraded to Neutral from Sell at UBS... Werner (WERN) upgraded on improving freight fundamentals at RBC Capital... diaDexus (DDXS) upgraded to Buy from Neutral at Ladenburg,
06:30 EDTCOHCoach upgraded to Buy from Hold at Topeka
Topeka upgraded Coach to Buy and raised its price target to $44 from $40 following yesterday's Fall 2015 fashion week. The analyst is impressed how quickly Coach has changed its assortments under new design director Stuart Vevers. Topeka said there are more opening price points in handbags and improved cohesion between collection and core, creating a brand halo effect. Additionally, the firm's recent mall checks indicate a pickup in Coach store traffic.

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