- 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.