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Fly News Breaks for June 1, 2018
TIF
Jun 1, 2018 | 07:41 EDT
Oppenheimer analyst Brian Nagel raised his price target for Tiffany to $145 saying the shares have further room to run. The company's "aggressive" internal initiatives, coupled with an improving macro backdrop, are fueling a "meaningful recovery," Nagel tells investors in a research note. He expects money to continue to flow into the stock as "clearer evidence of improving fundamentals emerges." The analyst keeps an Outperform rating on Tiffany.
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