UPDATE: Deutsche Bank Raises Price Target On Tiffany To $79

According to Deutsche Bank, Tiffany TIF price target is raised to $79. Deutsche Bank said that TIF's share price reacted nicely to its significant earnings beat in the Q2 results, which re-aligned the valuation closer to fundamentals. “We continue to like the LT TIF story (US share gains, pricing power, global SQFT opportunities), yet the risk/reward looks less obvious due to the rising macro risks. We maintain Hold.” Tiffany closed yesterday at $69.01.