Fly News Breaks for March 16, 2018
TIF
Mar 16, 2018 | 12:53 EDT
Jefferies analyst Randal Konik listed several things he liked about Tiffany's Q4 report - including its first positive quarterly comp performance in over two years and the fact that it seems product "newness" is taking hold - as well as some things he did not like - such as persistent European weakness and slower flow through of tax rate benefits. While the market may focus on deceleration in January and operating margin pressure, he recommends looking past the near-term to the company's positioning for accelerated long-term growth. Konik keeps a Buy rating and $125 price target on Tiffany shares.
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