Tiffany & Co. Downgraded at Wells Fargo (TIF)
Wells Fargo announced on Tuesday that it has downgraded jewelry company, Tiffany & Co. (TIF).
The firm has lowered its rating on TIF from “Outperform” to “Market Perform,” and has reduced its price target range from $75 to $79 to a range of $62 to $66. This valuation range suggests a up to a -17% decline from the stock’s current price of $74.62.
Tiffany shares were down 80 cents, or -1.06% during Tuesday morning trading. The stock has increased 13% in the past year.
The Bottom Line
Shares of Tiffany & Co. (TIF) have a 1.71% yield, based on Tuesday morning’s price of $74.94.
Tiffany & Co. (TIF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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