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Fly News Breaks for March 28, 2019
TIF
Mar 28, 2019 | 08:25 EDT
Loop Capital analyst Laura Champine raised her price target on Tiffany to $115 and kept her Buy rating, modeling higher sales and earnings for the company in FY20 and beyond. The analyst is citing her visit to the Tiffany store on Bond Street in London, where its "updated displays were similar to the seasonally-oriented visual merchandising at the Fifth Avenue flagship in New York". Champine contends that Tiffany is "in the very early stages of a multi-year upgrade to its store environment", and its stores are already looking "more exciting" than they were prior to the upgrades by its new Chief Artistic Officer Reed Krakoff.
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