Tumi shares soar on strong profit forecast

Shares of Tumi Holdings Inc, which makes luxury baggage and travel goods, rose as much as 23 percent, after it raised its full-year expectations, prompting at least one brokerage to upgrade the company's stock. Photo: TumiAnalysts said the brand is currently under-penetrated and is yet to realize its full potential. The company's 1,800 outlets suggest the brand is less than 30 percent penetrated, said Credit Suisse analysts, who upgraded the stock to "outperform" from "neutral." "We expect

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