Oppenheimer analyst Brian Nagel reiterated his Outperform rating on Tiffany & Co and raised his price target on shares to $115 from $105. In a research note to investors, Nagel said that a more aggressive strategic enhancement strategy is still underway and expected to yield "even better" results. He also noted that macro tailwinds are strengthening, including a weaker U.S. dollar and indications of building global consumer wealth, and that, while no longer cheap, Tiffany shares continue to underappreciate the potential for an improving sales and EPS trajectory at the specialty retailer.