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Tiffany (TIF) Stock Upgraded to 'Outperform' at Cowen, Analyst Reacts

NEW YORK (TheStreet) --Shares of Tiffany (TIF) were moving higher in early afternoon trading on Friday, after an upgrade to "outperform" from "market perform" with a $90 price target at Cowen today.

"Luxury is coming back and TIF is a well-positioned, trusted brand," the firm said in a note.

"The run is not just getting started, the stock just bottomed out several months ago at $58; now it's at $80," Lebenthal Asset Management CEO Jim Lebenthal noted on CNBC's "Fast Money Halftime Report" today.

"In the...