Tiffany & Co (TIF) Received its Third Buy in a Row

By Ryan Adsit

After Guggenheim and Cowen & Co. gave Tiffany & Co (NYSE: TIF) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Brian Nagel maintained a Buy rating on Tiffany & Co today and set a price target of $115. The company’s shares opened today at $88.08.

According to TipRanks.com, Nagel is a 5-star analyst with an average return of 6.1% and a 59.9% success rate. Nagel covers the Services sector, focusing on stocks such as Capri Holdings Limited, Dick’s Sporting Goods, and Advance Auto Parts.

Currently, the analyst consensus on Tiffany & Co is a Moderate Buy with an average price target of $109.60, representing a 24.4% upside. In a report issued on January 25, Guggenheim also maintained a Buy rating on the stock.

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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 2.27M.

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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.