Oppenheimer positive on Tiffany

|About: Tiffany & Co. (TIF)|By:, SA News Editor

Oppenheimer upgrades Tiffany (TIF +2.2%) to an Outperform rating from Perform on a favorable view of the near-term risk vs. reward trade-off.

While the firm still sees a strong U.S. dollar as a drag on Tiffany's sales to tourists, new initiatives are expected to pay off over the longer term.

Oppenheimer lifts its price target to $152 from $145.

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