Morgan Stanley Sees Multiple Challenges Ahead For Tiffany & Co.
In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Equal-Weight rating and $94.00 price target on Tiffany & Co. (NYSE: TIF).
In the report, Morgan Stanley noted, "We think TIF remains a strong global luxury brand. However 2015 faces currency headwinds and diminished tourism spending related to the stronger USD. Guidance embeds 2H acceleration which could prove aggressive if forward rates materialize/USD further strengthens."
Tiffany & Co. closed on Friday at $82.93.
Latest Ratings for TIF
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 2020 | Morgan Stanley | Maintains | Equal-Weight | |
| Sep 2020 | UBS | Maintains | Neutral | |
| Dec 2019 | Cowen & Co. | Downgrades | Outperform | Market Perform |
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Posted-In: Kimberly C. Greenberger Morgan StanleyAnalyst Color Reiteration Analyst Ratings
