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Fly News Breaks for August 10, 2018
TIF
Aug 10, 2018 | 06:54 EDT
Oppenheimer analyst Brian Nagel downgraded Tiffany to Perform with an unchanged price target of $145. The analyst continues to look "very favorably" upon the company's longer-term prospects, however, he's concerned that recent shifts in global currencies could weigh on its domestic sales to foreign tourists and "knock shares from now peakish valuations." Nagel looks at $120-$125 as near-term support for Tiffany shares.
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