Guggenheim Thinks Tiffany & Co’s Stock is Going to Recover


In a report released today, Robert Drbul from Guggenheim maintained a Buy rating on Tiffany & Co (TIF), with a price target of $125. The company’s shares opened today at $92.54, close to its 52-week low of $90.55.

Drbul wrote:

“We slightly moderate our comp forecast in 4Q to +3% (from +4%). We see upside potential from continued product innovation/marketing. TIF remains pleased with how recent launches (Home and Accessories; Paper Flowers) are performing.”

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 10.5% and a 63.6% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Wal-Mart Stores Inc.

Tiffany & Co has an analyst consensus of Moderate Buy, with a price target consensus of $131.89, a 42.5% upside from current levels. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $152 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $141.64 and a one-year low of $90.55. Currently, Tiffany & Co has an average volume of 1.83M.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is neutral on the stock. Most recently, in September 2018, Lawrence Fish, a Director at TIF sold 8,898 shares for a total of $1,138,499.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts