RBC Capital analyst Brian Tunick lowered his price target on Tiffany to $105 and kept his Sector Perform rating after its Q3 results. The analyst says that the deceleration in comps growth and the management's comments around softer tourism activity from China have "reduced" his enthusiasm about the company's product and marketing initiatives heading into the holiday season. Tunick adds that the China tourism remarks add to his global growth concerns and expects the stock to trade range-bound in the near term because of the upcoming tougher comp compares.