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Fly News Breaks for December 21, 2015
TIF
Dec 21, 2015 | 05:47 EDT
Jefferies analyst Randal Konik upgraded Tiffany to Buy citing the valuation pullback and the potential for margin expansion. Konik's analysis shows Tiffany's operating margins could rise 400 basis points over the next few years due to commodity cost declines and product mix shifts. The analyst views the stock as compelling at current levels and raised his price target for the name to $100 from $88.
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