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Fly News Breaks for February 6, 2017
TIF
Feb 6, 2017 | 07:12 EDT
As previously reported, Mizuho downgraded Tiffany to Neutral from Buy and lowered its price target to $74 from $90. Analyst Betty Chen is concerned about multiple executive changes following the CEO departure and said the company faces several near-term headwinds ranging from macro volatility in APAC and Europe, lack of visibility in the U.S. business, and diminishing commodity price benefits.
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