Loop Capital analyst Laura Champine initiated Tiffany with a Hold rating and a price target of $103. Champine says that although the positive impact of U.S. tax reform may push the stock price higher this year, she prefers to be on the sidelines while gauging the impact of "major investments" that management put in place to boost long term growth. The analyst adds that the holiday period sales were "very healthy", particularly with SSS growth in the Americas, but January comps will get tougher. Champine also believes that Tiffany stock is "fully valued".