Guggenheim Keeps a Buy Rating on Tiffany & Co (TIF)

By Carrie Williams

Guggenheim analyst Robert Drbul maintained a Buy rating on Tiffany & Co (TIFResearch Report) today and set a price target of $110. The company’s shares opened today at $87.

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 9.5% and a 62.7% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.

Currently, the analyst consensus on Tiffany & Co is a Moderate Buy with an average price target of $115.21, which is a 32.4% upside from current levels. In a report issued on January 4, Citigroup also maintained a Buy rating on the stock with a $125 price target.

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The company has a one-year high of $141.64 and a one-year low of $73.04. Currently, Tiffany & Co has an average volume of 2.17M.

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Tiffany & Co. is a holding company, which through its subsidiaries, engages in manufacture and sale of jewelry merchandise. The firm also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, fragrances, and accessories. It operates through the following geographical segments: Americas, Asia-Pacific, Japan, Europe, and Other.