Monday, July 9, 2012

Tiffany shares seen up after recent pullback

Shares in American jewelry company Tiffany could rise following a recent pullback, Barron's wrote in its July 9 edition. The target price for the luxury goods maker's shares is $63, according to analysts at Canaccord Genuity, the financial weekly said. Tiffany stock closed at $53.45 on Friday, down from close to $70 in early May. Canaccord Genuity said the stock's recent pullback has opened a window of opportunity in a company with significant global expansion opportunities, according to

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