Morgan Stanley Reiterates Overweight and PT of $81 on Tiffany and Company

Morgan Stanley reiterated its Overweight rating on Tiffany and Company TIF. At the same time, Morgan Stanley left its price target unchanged on the company's stock at $81. In a research report published today, Morgan Stanley states, "Input cost inflation, relative pricing power, and possible consumer spending weakness are top of mind for retail investors. Meetings with Mark Aaron (IR) boosted our conviction the company can navigate these headwinds and that TIF has one of the best global growth profiles." On Friday, Tiffany lost 0.46% of its value to close the week at $73.24.