Jewelry retailer Tiffany & Co. (
) on Wednesday received some bullish commentary from analysts at
The firm boosted its price target for TIF to $82, suggesting a
massive 32% upside to the stock's Tuesday closing price of
UBS noted its bullish view was based on lower diamond costs,
which could drive significant margin upside for the company.
Tiffany shares were mostly flat in premarket trading
The Bottom Line
Shares of Tiffany & Co. (
) have a 2.06% dividend yield, based on last night's closing stock
price of $62.11. The stock has technical support in the $55-$57
price area. If the shares can firm up, we see overhead resistance
around the $65-$66 price levels.
Tiffany & Co. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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, as well as a detailed explanation of
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