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Fly News Breaks for April 21, 2016
TIF
Apr 21, 2016 | 07:32 EDT
Oppenheimer analyst Brian Nagel raised his price target for Tiffany to $80 from $70 to reflect the company's longer term growth prospects. Nagel says Tiffany Brand has the potential to evolve to become one of the preeminent global luxury names. In near-term, recent sales hindrances are beginning to abate, despite headwinds being apt to persist, the analyst tells investors in a research note. Nagel expects Tiffany to at least hit Street financial targets. The analyst reiterates an Outperform rating on the shares.
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