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Fly News Breaks for November 29, 2018
TIF
Nov 29, 2018 | 08:11 EDT
Credit Suisse analyst Michael Binetti lowered his price target for Tiffany to $120 from $146 after the company reported disappointing same-store sales, largely driven by decelerating Chinese tourism. Nonetheless, the analyst thinks Tiffany remains one of the" most compelling self-help turnarounds" in his coverage and reiterates an Outperform rating on the shares.
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