Will Today’s Jefferies Upgrade Ultimately Help The Stock Price of Tiffany & Co (NYSE:TIF)?


Tiffany & Co (NYSE:TIF) Stock Upgrade

Jefferies has upgraded shares of Tiffany & Co (NYSE:TIF) to a “Buy” in analysts report disseminated on moments ago, and has established a 12 month target price per share equal to $100. TIF’s previous stock rating was a “Hold”.

From a total of 24 analysts covering Tiffany & Co. (NYSE:TIF) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $115 while the lowest target price is $70. The mean of all analyst targets is $95.04 with a 29.59% above today’s ($74.62) stock price. Tiffany & Co. was the topic of 17 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Wells Fargo reinitiated shares on October 22 with “Underperform” rating. Vetr upgraded shares to “Buy” rating and $104.68 target share price in a report from an August 13. Citigroup initiated TIF stock in a recent report from October 7 with “Buy” rating. Oppenheimer maintained the rating on July 31. Oppenheimer has a “Outperform” rating and a $110 price target on shares. Finally, Topeka Capital Markets maintained the stock with “Buy” rating in a report issued on an August 27.

Approximately 536,536 shares of stock traded hands. Tiffany & Co. (NYSE:TIF) has declined 17.08% since May 18, 2015 and is downtrending. It has underperformed by 11.27% the S&P500.

Tiffany & Co. is a holding company. The Firm operates through its subsidiary companies. The company has a market cap of $9.39 billion. The Company’s principal product category is jewelry. It has 19.47 P/E ratio. The Firm also sells timepieces, leather goods, sterling silver goods , china, crystal, stationery, fragrances and accessories.

According to Zacks Investment Research, “Tiffany & Co. designs, manufactures, and retails fine jewelry as well as other branded merchandise. Its jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, gold, and metal jewelry. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories. It operates retail stores in the Americas, Asia-Pacific, Japan, Europe and the United Arab Emirates, and also engages in direct selling through Internet, catalog and business gift operations. Tiffany & Co. is headquartered in New York.”