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Sector Update: Consumer
By: MT Newswires
Consumer shares are lower in pre-bell trading.
Five Below ( FIVE ) shares are up 3% at $48.00 this morning after the stock was upgraded by Sterne Agee to Buy from Neutral, and the firm boosted its price target to $56 from $44 per share.
And Tandy Leather Factory ( TLF ) said sales in September rose 6% to $5.8 million from a year ago. Year-to-data sales rose 9%. Comp store sales were up 6%.
Finally, Cantor initiated coverage of Tiffany ( TIF ) with a Buy and an $88 price target. TIF shares are steady pre-market at $76.34, trading in a 52-week range of $55.83 to $83.33.