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Jefferies doesn't see bidding war for Tiffany

Nov. 08, 2019 8:28 AM ETTiffany & Co. (TIF) StockTIFBy: Clark Schultz, SA News Editor3 Comments
  • Tiffany (NYSE:TIF) is on watch after Jefferies lowers its rating to Hold from Buy.
  • Analyst Randal Konik and team only see limited potential for competing bids for Tiffany and don't expect LVMH to come in with a new offer "materially" above $120. That could be a sticking point for new investors looking for a bidding war.
  • TIF -0.15% premarket tp $124.85.

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Tiffany & Co.