Deutsche Bank Raises EPS Estimate For TIF

Despite the effects of the earthquake in Japan, Deutsche Bank has reported that they are raising their EPS estimate for Tiffany & Co. TIF. According to Deutsche Bank, "We reflect strong operational results in our model and have slightly upgraded our forecasts (ex-Japan) as a result. However, our estimate of $3.08 EPS is below guidance of $3.35-3.45 as we are taking a cautious view on Japan. We see Japan as a key moving part of company guidance, which may result in some volatility of earnings expectations." TIF has a Buy Rating and a $65.50 Price Target. TIF sold for $60.22 at closing yesterday.