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Fly News Breaks for January 13, 2017
TIF
Jan 13, 2017 | 05:45 EDT
Wells Fargo analyst Ike Boruchow upgraded Tiffany to Market Perform citing stabilizing demand trends in the luxury space. Several luxury/jewelry data points improved in Q4, Boruchow tells investors in a research note. He no longer expects Tiffany shares to underperform the broader retail group over the next 12 months. The analyst raised his price target range for the shares to $80-$82 from $70-$72.
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