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Fly News Breaks for November 25, 2015
TIF
Nov 25, 2015 | 07:23 EDT
After Tiffany reported weaker than expected results and cut its guidance, Oppenheimer says that the miss reflects largely transitory factors, especially the strength of the U.S dollar. The firm is upbeat about the company's near-term outlook, saying that the company's comps are easing, while its lowered guidance reduces risk. The firm keeps a $110 price target and Outperform rating on the shares.
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