Fly News Breaks for March 20, 2017
Mar 20, 2017 | 07:24 EDT
William Blair analyst Dylan Carden upgraded Tiffany to Outperform citing the recent stabilization of comps sales as well as upcoming easier comparisons.
News For TIF From the Last 2 Days
Jun 27, 2017 | 06:38 EDT
BofA/Merrill analyst Lorraine Hutchinson added Tiffany to the US 1 List and reiterated a Buy rating and $110 price target on shares. Hutchinson sees several catalysts leading to a 2017 turnaround including an increased pace of innovation by a new Head Designer, the shakeup in management and Board, and the "wealth effect" from the rising stock market. The analyst believes second half 2017 could see a comp inflection and said Tiffany is one of the few retailers with pricing power.