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Fly News Breaks for April 12, 2016
TIF
Apr 12, 2016 | 13:59 EDT
Credit Suisse analysts led by Christian Buss said Tiffany's sales growth and earnings momentum will be likely be challenged in the near-term. The analyst day highlighted incremental changes int he business model and did little to address strategies to overcome recent weakness across categories. Buss believes the big concern is that the product, marketing, and merchandising initiatives appear to overemphasize brand heritage, leaving a distinct impression that the brand's offerings and messaging lacks newness. The analyst reiterated her Neutral rating and $68 price target.
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