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Fly News Breaks for August 22, 2019
Aug 22, 2019 | 07:43 EDT
Oppenheimer analyst Brian Nagel lowered his price target for Tiffany to $100 from $115 ahead of quarterly results. The analyst is increasingly concerned that weaker spending on the part of foreign tourists likely weighed further upon comp sales growth at Tiffany in Q2 and could now impact topline trends at the brand in coming quarters, more than previously anticipated. Nagel reiterates an Outperform rating on the shares.
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