Canaccord Downgrades Tiffany & Co. to “Sell” (TIF)
Analysts at Canaccord downgraded jewelry maker Tiffany & Co. (TIF) on Friday as its fundamentals do not match up with the stock’s current price.
The analysts downgraded TIF to “Sell” and see shares reaching $52, which suggests a 27% downside to Thursday’s closing price of $70.88.
Tiffany shares were down 99 cents, or -1.40%, during Friday morning trading. The stock is up about +1.87% over the past twelve months.
The Bottom Line
Shares of Tiffany & Co. (TIF) have a dividend yield of 1.81% based on last night’s closing price of $70.88 and the company’s annualized dividend payout of $1.28 per share.
Tiffany & Co. (TIF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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