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Fly News Breaks for January 18, 2019
TIF
Jan 18, 2019 | 10:37 EDT
Loop Capital analyst Laura Champine maintained a Buy rating on Tiffany & Co but lowered her price target to $100 after updating her model for a reduction in sales driven by market volatility and lower sales to Chinese tourists. The stock is attractive, she tells investors in a research note, given her longer-term expectations for top- and bottom-line growth and trades at 17.5x her F2019 EPS estimate and 10x F2019 EV/EBITDA.
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