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Fly News Breaks for October 14, 2015
TIF
Oct 14, 2015 | 08:12 EDT
Based on the deflationary commodity pricing environment, Bernstein believes that the outlook for Tiffany's gross margin appears to be positive. The firm says its analysis indicates that the company's gross margin gains could be "attractive." Bernstein thinks branded jewelry fundamentals are positive, and it thinks that Tiffany is poised to keep growing in the Asia Pacific region. Bernstein raised its price target on the stock to $101 from $97 and keeps an Outperform rating on the shares.
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