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Fly News Breaks for October 12, 2018
TIF
Oct 12, 2018 | 07:21 EDT
Oppenheimer analyst Brian Nagel reiterated an Outperform rating and $152 price target on Tiffany & Co. Nagel tells investors in a research note that he believes the underlying fundamentals and recovery at Tiffany remain intact, but that there may be credence to recent market concerns of the Chinese government regulating the flow of foreign purchased products into the country. He expects internal disciplines and drivers to continue to take hold with a brand that will prove increasingly well positioned.
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