Fly News Breaks for June 25, 2019
Jun 25, 2019 | 07:11 EDT
Loop Capital analyst Laura Champine downgraded Tiffany to Hold from Buy and lowered her price target to $95 from $110. In a research note to investors, Champine says she believes weak tourist traffic continues to impact global demand levels, adding that she is "concerned" that same-store sales growth may prove more difficult to achieve as the company laps its paper flowers launch. While the analyst says the stock is attractive in the longer term, she is "concerned" that wealthy customers could delay purchases in the more volatile environment with general global growth concerns and the ongoing tariff situation.
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