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Fly News Breaks for January 4, 2016
FOSL, CHS, LULU, TIF
Jan 4, 2016 | 06:28 EDT
Jefferies analyst Randal Konik called Tiffany (TIF) his best new idea for 2016 in the Retailing/Specialty Stores space. Lower commodity costs and product mix shifts give the company a "significant margin expansion opportunity," Konik tells investors in a research note where he also upgraded lululemon (LULU) to Buy and downgraded to Hold shares of Chico's (CHS) and Fossil (FOSL). The analyst has a Buy rating on Tiffany with a $100 price target.
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