Deutsche Bank Raising Estimates On Tiffany (TIF)

Deutsche Bank Raising Estimates On Tiffany (TIF) Deutsche Bank is raising its earnings estimates on shares of Tiffany TIF after it reported earnings yesterday. It has a Buy rating and a $65.50 price target on shares. In a note to investors, Deutsche Bank writes, "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. Our $65.5 target price justifies our Buy rating." Shares of TIF gained $2.39 yesterday to close at $60.22.