Vetr Crowd Downgrades Tiffany & Co., Sees No Upside

Shares of Tiffany & Co. TIF are down more than 5.6 percent year-to-date, having widely underperformed major U.S. stock indexes. However, most of the losses were registered in the first few weeks of the year.

Following a rebound over the past month, top Raters at the Vetr Community downgraded the stock from 3.0 Stars to 2.5 Stars -- out of a possible 5.0 Star rating. The crowd set a $71.75 price target, which implies no upside from current prices.

Related link: Here's How Crowdsourced Ratings Can Beat The Market

It should also be noted that 62 percent of the crowd's ratings are bullish.

Also noticeable is the fact that analysts seem considerably more optimistic, as they have fixed an average price target of $89.91 per share. The stock is trading around $72.00.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!