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News Breaks | | | | January 16, 2013 | | 13:44 EDT |  | TUMI | Tumi CFO seems comfortable with guidance, says Citigroup
Following a meeting at a retail conference, Citigroup said Tumi's CFO seems comfortable with the company's guidance and outlook. Citi thinks Tumi's balance sheet continues to improve and that its inventories are well positioned. The firm keeps a Buy rating on the stock with a $26 price target. Note shares of Tumi rallied in early trading, and are still up 7% to $22.35. | |
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