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Fly News Breaks for May 24, 2018
TIF
May 24, 2018 | 07:23 EDT
Citi analyst Paul Lejuez raised his price target for Tiffany to $150 saying the company's Q1 results were "close to flawless." The analyst believes the benefits of the changes new management is bringing to Tiffany are just beginning. He raised his fiscal 2018 earnings per share estimate to $4.84 from $4.57 and fiscal 2019 estimate to $6.21 from $5.30 based on the Q1 beat and increase in future sales estimates. The analyst keeps a Buy rating on Tiffany.
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