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Tiffany (TIF) Stock Price Target Raised at Cowen

NEW YORK (TheStreet) -- Cowen increased its price target on Tiffany & Co. (TIF) stock to $74 from $68 after the the high-end jewelry retailer reported better-than-expected profit for the 2016 second quarter Thursday morning.

The firm pointed to four factors that must occur for it to "get constructive" on the stock, Barron's reports.

First, Tiffany would need to demonstrate improved unit performance given "more newness," especially on items below $500. Second, the retailer would need to enact new marketing initiatives to drive better engagement performance. Third, Tiffany should continue to enhance in-store experience and customer engagement...


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