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Fly News Breaks for January 18, 2018
TIF
Jan 18, 2018 | 09:28 EDT
RBC Capital analyst Brian Tunick raised his price target on Tiffany to $108 after its strong holiday sales and FY18 outlook. The analyst contends that while yesterday's 2018 EPS guidance of "flat to slightly down" may seem soft, the new CEO's plans to increase investment are understandable. Tunick keeps his Sector Perform Rating on Tiffany, adding that the current valuation appears to be fair.
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