Tiffany (NYSE:TIF): Morgan Stanley Keeps “Equal-Weight” Rating Today, Has a Target of $94/Share

March 19, 2018 - By Ellis Scott

 Tiffany (NYSE:TIF): Morgan Stanley Keeps

Tiffany (NYSE:TIF) Rating Reaffirmed

Morgan Stanley now has a $94 target price per share on shares of Tiffany (NYSE:TIF). The target price per share suggests a potential downside of -3.70 % from the last close price of Tiffany (NYSE:TIF). This rating was revealed to investors in a note on 19 March.

Tiffany & Co. (NYSE:TIF) Ratings Coverage

Among 28 analysts covering Tiffany & Co. (NYSE:TIF), 15 have Buy rating, 0 Sell and 13 Hold. Therefore 54% are positive. Tiffany & Co. has $125.0 highest and $66 lowest target. $98.42’s average target is 0.83% above currents $97.61 stock price. Tiffany & Co. had 87 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by Topeka Capital Markets given on Tuesday, January 19. On Tuesday, February 7 the stock rating was downgraded by HSBC to “Hold”. The stock has “Underperform” rating by Wells Fargo on Thursday, October 22. HSBC upgraded the shares of TIF in report on Monday, October 2 to “Buy” rating. The stock has “Neutral” rating by Goldman Sachs on Wednesday, January 20. The firm has “Outperform” rating by Bernstein given on Thursday, January 21. On Wednesday, January 17 the stock rating was maintained by Jefferies with “Buy”. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, August 16. As per Wednesday, August 26, the company rating was downgraded by Zacks. The firm has “Hold” rating given on Wednesday, January 17 by Wells Fargo.

The stock increased 0.62% or $0.6 during the last trading session, reaching $97.61. About 2.19 million shares traded or 50.98% up from the average. Tiffany & Co. (NYSE:TIF) has risen 46.84% since March 19, 2017 and is uptrending. It has outperformed by 30.14% the S&P500.

Tiffany & Co., through its subsidiaries, designs, makes, and retails jewelry and other items worldwide. The company has market cap of $12.14 billion. The Company’s jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, and gold jewelry. It has a 32.98 P/E ratio. The firm also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories.

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