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Fly News Breaks for May 10, 2017
TIF
May 10, 2017 | 08:26 EDT
BofA/Merrill analyst Lorraine Hutchinson raised Tiffany's Q1 earnings estimate to 70c from 64c to reflect better global luxury results and foreign currency impact. The analyst now expects positive Q1 comps with an acceleration in 2H 2017 and notes it is one of the most under-owned stocks in Consumer Discretionary. Hutchinson rates Tiffany's a Buy with a $110 price target.
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