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Fly News Breaks for May 23, 2018
TIF
May 23, 2018 | 13:17 EDT
Cowen analyst Oliver Chen raised Tifffany's price target to $140 from $110 following the "strong" Q1 beat and reiterated his Outperform rating on shares. Chen is encouraged by the raise in 2018 earnings, sales, and comp growth guidance, and believes product innovation and increased marketing is driving traffic.
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