Tiffany earnings fall as high costs, strong dollar bite
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August 27, 2015 4:17 PM EDT
Cowen maintained an Outperform rating on Tiffany & Co. (NYSE: TIF), and cut the price target to $97.00 (from $103.00), on macro and F/X uncertainty. 2Q C/C comps were solid at +7%, however, analyst Oliver Chen is cautious for 2H given weaker F/X, global uncertainty & wealth effect risk in China/US.
Chen commented, "2Q... More
August 27, 2015 8:36 AM EDT
Deutsche Bank maintained a Hold rating on Tiffany & Co. (NYSE: TIF) with a price target of $93. Analyst Francesca Di Pasquantonio charaterized Q2 results a "mixed bag" given strength in comps and softer than expected earnings.
"A mixed bag for TIF Q2 numbers this morning with comps much better than expected and however a 4% adj EPS miss and lowered EPS guidance by... More
