Topeka Initiates Coverage on Tiffany's at "Buy" (TIF)

Topeka Initiates Coverage on Tiffany’s at “Buy” (TIF)


On Thursday, Topeka Capital Markets analysts gave some bullish commentary on fine jewelry maker Tiffany & Co. (TIF), as the company should be ready to recover after a disappointing 2012.

The analysts start TIF at “Buy” and see shares reaching $84. This valuation suggests a 16% upside to Wednesday’s closing price of $72.33.

Topeka Capital analyst Dorothy Lakner said, “After a disappointing 2012, we believe TIF’s sales and earnings are poised for recovery in 2013, beginning in 2Q13, which should benefit not only from a plethora of new product introductions, but also from plans to boost both high-end jewelry and high-margin silver sales.”

Tiffany shares were up $1.44, or +1.99%, during morning trading on Thursday. The stock is up +28.76% year-to-date.

The Bottom Line
Shares of Tiffany & Co. (TIF) have a dividend yield of 1.74% based on Thursday’s intraday trading price of $73.61 and the company’s annualized dividend payout of $1.28 per share.

Tiffany & Co. (TIF) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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