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Stock Market & Financial Investment News

News Breaks
March 6, 2014
05:48 EDTTIFTiffany 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.
News For TIF From The Last 14 Days
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June 23, 2015
10:37 EDTTIFTiffany sees 'minimal growth' in FY EPS, consensus $4.23
Says plans to increase global square footage 4%-5% annually for the foreseeable future. Sees ability to generate "healthy" free cash flow. Sees demand for products "consistent" with past trends. Says branded jewelry continues to be attractive globally. Says tourism purchases in the U.S. are "definitely down," but seeing pickups in other markets around the world. Comments made by CFO Ralph Nicoletti at the Jefferies 2015 Global Consumer Conference. Tiffany & Co is up 0.9% to $94.06 in morning trading.

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