Tiffany should benefit from lower silver prices, says Oppenheimer Oppenheimer believes that lower silver prices should help Tiffany attract younger, less affluent consumers. The firm raised its price target on the stock to $85 from $75 and maintains an Outperform rating.
Tiffany downgraded to Outperform from Buy at CLSA CLSA downgraded Tiffany to Outperform from Buy due to reduced Mainland Chinese tourism to Hong Kong, where 7% of sales are at risk. Price target is $101.
Goldman 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.