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Fly News Breaks for January 22, 2019
TIF
Jan 22, 2019 | 07:49 EDT
Nomura Instinet analyst Simeon Siegel lowered his price target for Tiffany to $108 after the company's holiday sales release and fiscal earnings guidance missed estimates. However, with the outlook "above fears," the shares traded higher, adds the analyst. He expects near-term pressures to persist with optimism towards the second half of 2019 and keeps a Buy rating on Tiffany.
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