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Fly News Breaks for May 25, 2016
TIF
May 25, 2016 | 11:38 EDT
Jefferies analyst Randal Konik lowered his price target for Tiffany to $95 from $100 after the company reported than expected top-line results in Q1, but he keeps a Buy rating on the name. The analyst found Tiffany's gross margin upside encouraging and expects its top-line to recover "with time." The stock remains "compelling" at these levels, Konik tells investors in a post-earnings research note.
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